Four major US firms have announced plans to invest a combined £6.3 billion in UK data infrastructure. The announcement, made during the International Investment Summit, was welcomed by Technology Secretary Peter Kyle as a “vote of confidence” in Britain’s approach to partnering with businesses to drive growth. CyrusOne, ServiceNow, CloudHQ, and CoreWeave have all committed...
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Billions lost every year from small businesses evading tax
The UK is losing billions of pounds a year in revenue as tax evasion among small businesses is growing, according to a National Audit Office (NAO) report on tax evasion in retail. HM Revenue and Customs (HMRC) lost an estimated £5.5bn due to tax evasion in 2022-23, with small businesses accounting for 81 per cent...
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Google to invest $1 billion in United Kingdom data centre – ETCIO SEA
Google today announced it has started building a new data centre in Waltham Cross, Hertfordshire. The data centre will be located on a 33-acre site that Google purchased in October 2020 and, once complete, will help ensure reliable digital services to Google Cloud customers and Google users in the UK. The new data centre represents...