LONDON: The UK last month posted a surplus as the government’s tax take was boosted by the first payments under a surcharge on banks introduced last year. Government income exceeded spending by ￡977 million (US$1.28 billion), compared with ￡1.17 billion a year earlier, the Office for National Statistics said yesterday. Receipts rose 3.4 percent, while spending was up 1.3 percent. Income was boosted by an 8.4 percent jump in corporation tax to ￡7.5 billion. Half of the increase was due to the Bank Corporation Tax surcharge of 8 percent.
Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding
ISLAMABAD: As temperatures climb across the country, electricity demand has surged, prompting the Power Division to request four Liquified Natural...
