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UK business warns tax hikes risk strangling GDP growth

Bloomberg UK Prime Minister Boris Johnson risks strangling growth with higher taxes on business to fix the public finances in the wake of the coronavirus pandemic, the country’s biggest business lobby said. The blunt criticism comes less than a week after Johnson and Chancellor of the Exchequer Rishi Sunak raised payroll levies on workers and companies to help fund health ...

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Uber loses battle over drivers’ rights

Bloomberg Uber Technologies Inc lost another suit over its drivers’ working rights after an Amsterdam court ruled workers who ferry passengers using the Uber app in the Netherlands are covered by a local collective labour law. The legal relationship between Uber and its drivers meets all of the characteristics of an employment contract, the court said in its judgement. Uber ...

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Greece forecasts fastest GDP growth in two decades

Bloomberg The Greek government raised its growth estimate for 2021, with the country set to repeat the economic performance not seen in about two decades. The revised forecast came after a stronger-than-expected expansion in the second quarter, paving the way for the government to roll out $4 billion of additional tax-relief measures and other assistance to combat rising prices. “Today ...

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