Business

The current Goods and Services Tax framework consists of four tiers: 5, 12, 18 and 28 per cent. (AI image) GST rate cuts coming soon! The Goods and Services Tax (GST) Council will meet for a two-day session starting September 3, as per the notice issued. The meeting comes within days of PM Narendra Modi announcing next-generation GST reforms and …

Jerome Powell, the head of the US central bank, has given a rocket boost to expectations that there will be an interest rate cut in September, a move President Trump has been demanding for months. Speaking to central bankers gathered at Jackson Hole, Wyoming, Powell also argued that the inflationary impact of Trump’s tariffs could prove temporary. But he did …

Postal services around the world are pausing deliveries to the US over confusion around new import taxes that must be paid on parcels from the end of the month. US President Donald Trump signed an executive order last month ending the global import tax exemption on low-value parcels, which takes effect from 29 August. While gifts worth less than $100 …

More than 100 business leaders have urged the government to make the assault of any public-facing worker, from transport staff to call centre agents, a standalone offence. The Institute of Customer Service, a professional body, has reported a big rise in abusive incidents aimed at employees and says many are considering leaving their jobs. The Crime and Policing Bill, which …

Getty Images Martin Dickie pictured attending an event to mark the 80th anniversary of Esquire magazine Brewdog co-founder Martin Dickie has left the Scottish craft beer giant, saying that he took the decision for personal reasons. Dickie, who founded the Ellon-based firm with James Watt in 2007, announced his departure in an email to staff. Last year Mr Watt stepped …

Tom Gerken Technology reporter Getty Images TikTok is planning to lay off hundreds of staff in the UK which moderate the content that appears on the social media platform. According to TikTok, the plan would see work moved to its other offices in Europe as it invests in the use of artificial intelligence (AI) to scale up its moderation. “We …

Troubled fashion brand Revolution Beauty has brought back its former bosses to “reset” the business after failing to secure a buyer. Co-founders Adam Minto and Tom Allsworth resigned following a series of accounting issues, but on Friday the company said the pair will return to tackle its plummeting sales. Revolution, which sells make-up and cosmetics online and through concessions, said …

Hull’s iconic Dinsdale’s joke shop has remained pretty much untouched for almost a century. Source link

BBC The government is targeting people who continue to claim child benefit after leaving the UK, in a move it hopes will save hundreds of millions of pounds. More families have been able to claim the benefit after the limit on earnings was raised, and it is currently paid to 6.9 million households. Who can get child benefit? You can …

George King BBC News, Suffolk George King/BBC Becky Mather, 40, said being able to afford school uniform for her children was a struggle For parents across Suffolk and further afield, buying school uniforms can prove pricey – setting them back hundreds of pounds per child. Add in a recent increase in inflation, and the cost of kitting out the kids …