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Transcripts For BBCNEWS World 20240705



lets start with the reasons behind this. things like bank holidays strikes, how important are they? they are important and they can have a push and pull impact on these figures. we tend to see a boost to pub and restaurant although that wasn t the case in may, on the other hand, we tend to see it has a negative impact on manufacturing and construction activity because of those extra days off which is exactly what we did see in may. there is no doubt that the bank holidays had an impact and resort services was pretty much flat in may. we saw human health was a bit stronger because there weren t any strike day byjunior doctors but there was an increase in the output for arts and entertainment. that s partly because of the bank holidays. it was a bit of a mixed report but as you say, we saw a contraction in may, a bit better than expected. but matt lets pick up on those pay deals. , . ., ., matt lets pick up on those pay deals. , . . . , deals. they have agreed a pay rise, ....

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Transcripts for BBCNEWS World Business Report 20240604 13:37:00

Very likely that they will be able to succeed in an appeal.- very likely that they will be able to succeed in an appeal. thank you very much- and staying with games. the indian government has decided to impose a 28% tax on online gaming. experts say it poses an existential threat to the booming industry and could spell its death knell . shares of indian online gaming platforms and casinos have crashed following the decision by the gst council (goods and services tax council). our india business correspondent nikhil inamdar explains. one of the industry associations that i spoke with said that the impact would be catastrophic because earlier the goods and services tax was only charged on platform commissions. but now with these new amendments, if they go through, it would be charged on the entire face value of the gaming transaction or the bet, and that will take the overall tax incidence up to about 50% according to industry estimates. ....

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