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AseanPlus News 22 Feb 2014 | 12:00 AM

Higher levies for foreign workers

The government will again raise levies on foreign construction workers with only basic skills from S$600 (RM1,562) per worker to S$700 (RM1,822) in July 2016, said Finance Minister Tharman Shanmugaratnam as he delivered the Budget statement in Parliament.

World 28 Aug 2013 | 2:20 PM

Australian opposition outlines budget savings; PM predicts comeback

CANBERRA (Reuters) - Australia's conservative opposition, heavily favoured in next month's election, outlined A$31 billion (17.9 billion pounds) in savings on Wednesday and promised to breathe new life into the economy by abolishing environment taxes polarising voters.

Business 31 May 2013 | 12:00 AM

UK house prices rise fastest

LONDON: British house prices have risen at their fastest annual rate since November 2011 this month, buoyed by a Bank of England initiative to reduce the cost of credit, data from mortgage lender Nationwide showed.

Business 09 Apr 2013 | 12:00 AM

UK surveyors report three-year peak in home sales

LONDON: Britain's housing market appears to be picking up due to help from a Bank of England lending scheme, with house sales at their highest level in three years and prices broadly stable, a monthly survey showed on Tuesday.

Business 21 Mar 2013 | 12:00 AM

Britain’s growth halved

LONDON: British finance minister George Osborne turned to the Bank of England to do more to help spur the country’s stagnant economy as he announced a halving of this year’s growth forecast.

Business 19 Mar 2013 | 12:00 AM

Britain to offer childcare tax break to parents

LONDON: Prime Minister David Cameron will unveil a new tax break on Tuesday to help working parents with their childcare costs from 2015, the government said, seeking to placate families squeezed by austerity, a stagnant economy and weak wage growth.

Business 05 Dec 2012 | 12:00 AM

Osborne tries to sweeten pill for austerity Britain

LONDON: More austerity looks certain when Chancellor George Osborne presents a half-yearly budget statement on Wednesday, even if he tries to juggle some spending around to ease the pain.

Business 04 Dec 2012 | 12:00 AM

Global slowdown, austerity to constrain UK economy

LONDON: Britain's economic growth in the next two years will be weaker than previously thought, held back by a global slowdown and domestic austerity measures, the British Chambers of Commerce (BCC) said on Tuesday

Business 20 Nov 2012 | 12:00 AM

BoE deputy governor likely to get top post

LONDON: British Finance Minister George Osborne is expected to play safe and pick deputy governor Paul Tucker as the new chief of the Bank of England (BoE), ignoring calls for a more radical option to shake up the central bank.

Business 19 Nov 2012 | 12:00 AM

Cameron pledges to lower hurdles to growth

LONDON: British Prime Minister David Cameron promised on Monday to slash legal and regulatory obstacles to economic growth, seeking to ward off criticism that the government is doing too little to help companies and revive an ailing economy.