Three suspected ringleaders of an international crime group have been charged with €93 million VAT fraud, as reported by europeantimes.news. The individuals are accused of orchestrating a sophisticated scheme to defraud the European Union’s tax revenues through fraudulent transactions. The investigation into this massive fraud case continues, with authorities working to uncover the full extent of the criminal operation.
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UK businesses brace for economic gloom in 2025
Businesses are preparing for economic uncertainty in the new year following Rachel Reeves's Budget, with a CBI survey revealing plans for reduced output and hiring. Expectations for growth are at their weakest since Liz Truss's time in office, largely due to the chancellor's national insurance hike. Despite defending her tax increases as necessary for economic stability and growth, Reeves faces criticism as the economy faces a bleak outlook. Full Article
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