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fromwww.aljazeera.com
2 weeks ago

Is Russia's economy at risk as oil revenues shrink?

Russia plans to raise tax to fund its defence budget as oil revenues decline. Despite Western sanctions, Russia's military spending has fuelled its war economy. Three years into the war in Ukraine, growth is stalling, energy revenues are plunging, and the budget deficit is widening. To shore up state coffers, Russia is raising the value-added tax from 20 percent to 22 percent, among other measures.
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World news
fromwww.theguardian.com
3 weeks ago

Is Trump right that Russia's economy is on the brink of collapse?

Russia's economy faces severe strain with rising defence spending, shrinking revenues, and growing deficits, forcing difficult trade-offs between military and civilian investments.
London politics
fromwww.standard.co.uk
4 months ago

Two London private schools are forced to close following Labour's VAT raid on fees

The introduction of VAT on private school fees has led to the closure of two London schools due to financial strain.
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