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UK’s Reeves Moves to Raise Taxes on Key Forms of Online Gambling

The UK has imposed tax rises on the UK’s online gambling sector, one of many budget measures described in an analysis released in error before Rachel Reeves was due to reveal the changes in the House of Commons.

The UK has imposed tax rises on the UK’s online gambling sector, one of many budget measures described in an analysis released in error before Rachel Reeves was due to reveal the changes in the House of Commons.
Bloomberg Politics • Nov 26, 12:59 PM
REG

UK Raises Taxes on Most Forms of Online Gambling

The UK has imposed tax rises on most forms of online gambling, one of many piecemeal budget measures designed to plug a hole in the country’s public finances.

The UK has imposed tax rises on most forms of online gambling, one of many piecemeal budget measures designed to plug a hole in the country’s public finances. Shares in many British gambling companies fell.
Bloomberg Politics • Nov 26, 12:59 PM
REG

UK Casinos Evoke, Entain Warn of Hit to Profit From Tax Hike

UK betting houses including Evoke Plc and Entain Plc warned of a looming hit to their profits after the British government imposed higher taxes on most forms of online gambling.

UK betting houses including Evoke Plc and Entain Plc warned of a looming hit to their profits after the British government imposed higher taxes on most forms of online gambling.
Bloomberg Politics • Nov 26, 12:59 PM
CAP

UK Keeps Oil and Gas Windfall Tax in ā€˜Bitter Blow’ to Sector

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.
Bloomberg Markets • Nov 26, 12:53 PM
CAP

UAE Arms Maker Says Homegrown Defenses Are Priority

The United Arab Emirates’ largest weapons manufacturer says developing an air-defense system is its top priority, underscoring the Gulf nation’s growing worries of drone attacks.

The United Arab Emirates’ largest weapons manufacturer says developing an air-defense system is its top priority, underscoring the Gulf nation’s growing worries of drone attacks.
Bloomberg Markets • Nov 26, 12:37 PM
CAP

From ā€˜Outsider’ to Inmate: A Brazilian Banker’s Sudden Collapse

For a hot moment, Daniel Vorcaro seemed to have made it in the tight-knit world of Brazilian finance.

For a hot moment, Daniel Vorcaro seemed to have made it in the tight-knit world of Brazilian finance. Once the host of a gospel show on a regional TV network, he was suddenly hobnobbing with the country’s banking elite, throwing lavish parties that filled gossip columns while amassing a trove of trophy properties around the world.
Bloomberg Markets • Nov 26, 12:30 PM
CAP

Trader Accused by Trafigura Says There Was ā€˜No Deception’

Prateek Gupta, the man who Trafigura Group says defrauded it of almost $600 million in an enormous nickel scam, said that executives at the trading house were aware many of the cargoes shipped to it did not contain the goods they were supposed to.

Prateek Gupta, the man who Trafigura Group says defrauded it of almost $600 million in an enormous nickel scam, said that executives at the trading house were aware many of the cargoes shipped to it did not contain the goods they were supposed to.
Bloomberg Markets • Nov 26, 12:20 PM
CAP

UK Bonds, Pound Rally as Investors Welcome Fiscal Restraint

The UK’s bonds and the pound headed higher in volatile trading as investors took comfort in Chancellor of the Exchequer Rachel Reeves’ commitment to fiscal restraint.

The UK’s bonds and the pound headed higher in volatile trading as investors took comfort in Chancellor of the Exchequer Rachel Reeves’ commitment to fiscal restraint.
Bloomberg Markets • Nov 26, 12:18 PM
CAP

UK Markets Rally as Traders Welcome Borrowing Restraint

UK markets rallied as the budget unveiled by Chancellor of the Exchequer Rachel Reeves signaled that the government is taking a more restrained approach to borrowing.

UK markets rallied as the budget unveiled by Chancellor of the Exchequer Rachel Reeves signaled that the government is taking a more restrained approach to borrowing.
Bloomberg Markets • Nov 26, 12:18 PM