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philip hammondlatest news & developments
Mark Zuckerberg said Facebook is up against sophisticated adversaries who continue to evolve. (Reuters)
FACEBOOK

Facebook shares roller coaster as it rides change

Facebook says its quarterly profit climbed in the recently ended quarter, but the social network gained fewer users than analysts had expected

  • Glenn Chapman
4 min read
There has been public outrage over relatively low levels of tax paid in Britain by giants such as Amazon, Facebook and Google. (Reuters)
BREXIT

UK ratchets up pressure on US tech giants with new tax

The 2% tax levy on sales made by large digital companies in Britain would apply to search engines, social networks and e-commerce channels

  • Staff Reporter
4 min read
Britain has been on a strict diet of austerity measures that curbed spending and raised taxes in the wake of the financial crisis. (Justin Tallis/AFP)
BREXIT

Britain eyes higher growth in Brexit year

​Britain has ramped up its economic growth outlook for next year, when the country will exit the European Union

  • Roland Jackson
  • Ben Perry
3 min read
The May 23 vote looms with Britain in a deep political crisis over its stalled departure from the European Union after nearly half a century of membership. (Toiga Ackerman/Reuters)
BREXIT

Britain readies last annual budget before Brexit

Concern is mounting that Britain will exit the EU in March without a deal in place with Brussels

  • Jean Baptiste Oubrier
3 min read
2012 OLYMPICS

‘The Olympics will be secure: we’ll get missiles’

After reports of US security fears at the 2012 London Olympics, the UK has said it might deploy surface-to-air missiles to ensure safety at the Games.

  • Staff Reporter
3 min read