that we have returned to negative growth? that we have returned to negative urowth? , that we have returned to negative . rowth? , ., . ., , that we have returned to negative urowth? , ., , , . growth? they were actually expecting 0.396 contraction growth? they were actually expecting 0.396 contraction during growth? they were actually expecting 0.396 contraction during may, - growth? they were actually expecting 0.396 contraction during may, due - growth? they were actually expecting 0.396 contraction during may, due to l 0.3% contraction during may, due to the impact of the extra bank holiday related to the coronation. pretty mixed bag. it is not great overall. if you look at the numbers over the last three months, the uk economy essentially flatlined, as you said in your preamble. the uk economy is barely larger than it was four years ago, pre covid. it s not looking great, and if you look at what the markets think in terms of longer term growth for the uk economy, the
knell, say experts. shares of indian online gaming platforms and casinos have crashed following the gst (goods and services tax) council s decision. let s cross live now to our india business correspondent nilkhil inamdar in mumbai. thank you forjoining us. how significant, firstly, is this ruling, and what impact you think it will have on the gaming industry? that is right, in fact one of the industry associations that i spoke with said the impact would be catastrophic, because earlier, the goods and services tax was only charged for commissions, but now with these new amendments that they go through it would be charged on the entire face value of the gaming transaction on the bat, and that would take the overall tax up to about 50%, according to industry estimates. this includes gst, the platform fees, as well as the income tax. this essentially makes it very