Why Infosys was given VIP access? UK Opposition attacks PM Rishi Sunak, says ‘…serious questions to answer’

The UK’s Opposition Labour Party has claimed Infosys was effectively granted “VIP access” after a media report alleged the software services major was promised help to grow in Britain due to Prime Minister Rishi Sunak’s familial connection with co-founder Narayana Murthy. A ‘Sunday Mirror’ report based on a freedom of information (FOI) request said Trade … Read more

UK to keep industry competitive, cut surcharge on bank profits to 3%

Chancellor of the Exchequer Jeremy Hunt plans to cut a surcharge on UK bank profits, effectively shielding them from the bulk of an increase in the country’s corporate tax rate as the government tries to preserve the competitiveness of Britain’s finance industry. What to expect in UK Chancellor’s plan to fix fiscal hole UK banks … Read more