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Tag: 2018

UK growth slows to 0.2% in fourth quarter of 2018

UK growth slows to 0.2% in fourth quarter of 2018

Business
By James Sillars, business reporter UK economic growth eased to 0.2% in the final quarter of 2018 as the clock ticked down to Brexit, official figures show.The preliminary figure from the Office for National Statistics (ONS) represented a significant slowdown on the 0.6% achieved between July and September but was in line with economists' forecasts. It meant that, subject to revisions, the economy grew by 1.4% over the 12 months - its weakest performance since 2014.The pound fell below $ 1.29 following the data release - a fall of almost half a cent - as investors digested the damage from Brexit uncertainty and the wider headwinds in the global economy linked to the US trade war with China. Image: The high street endured a t...
If you failed to withhold enough tax in 2018, the IRS has a nasty surprise for you

If you failed to withhold enough tax in 2018, the IRS has a nasty surprise for you

Finance
We're only in the second week of tax season — and some filers are already in for a nasty surprise from the IRS. This spring marks the first time taxpayers are submitting returns under the Tax Cuts and Jobs Act, which went into effect in last year. Though the 2018 filing season only started on Jan. 28, some early filers are discovering that they either owe the IRS or they'll be getting a smaller-than-expected refund from the taxman. They took to Twitter to air their grievances. Tweet ...
2018 was 4th warmest, but next 5 years could break records

2018 was 4th warmest, but next 5 years could break records

Technology
While 2018 was the fourth-warmest year on record, British meteorologists are predicting the next five years will be much hotter, maybe even record-breaking. Two U.S. agencies, the United Kingdom Met Office and the World Meteorological Organization analyzed global temperatures in slightly different ways, but each came to the same conclusion Wednesday: 2018 was the fourth-warmest year on record behind 2016, 2015 and 2017. The U.S. government's National Oceanic and Atmospheric Administration said 2018's average temperature was 58.42 degrees (14.69 Celsius), which is 1.42 degrees (0.79 Celsius) warmer than the 20th century average. Much of Europe had its warmest years on record. Records go back to 1880. NASA and NOAA climate scientists said even though 2018 was a tad cooler than the three pr...