IMF: Saudis should consider 10% VAT

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Source: Dukascopy Bank SA
The IMF suggested that Saudi Arabia should consider an increase in the value added tax from 5% to 10% from the current 5%, stressing the importance for the country to enhance the fiscal position due to lower crude prices.
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Mon, 09 Sep 2019 15:55:09 GMT

British economy unexpectedly strong in July

The UK economy expanded more than anticipated July,with a 0.3% rise in output, the ONS reported on Monday, dampening fears of the first recession since the crisis as the Brexit crisis escalated.

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