PRESS DIGEST- British Business - Oct 9
Oct 9 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
IMF UPGRADES UK GROWTH IN EMBARRASSING ABOUT-TURN
The International Monetary Fund has upgraded its growth forecasts for the UK by more than any other advanced economy in an embarrassing u-turn for the global financial institution.
HELP TO BUY TO RAISE OVER 1 BLN STG IN TAXES
The government's Help-to-Buy mortgage scheme will increase tax revenues by more than £1bn before the next election, economists have estimated.
ROYAL MAIL SHARES DEMAND OUTSTRIPS SUPPLY
Institutional investors in the Royal Mail's upcoming IPO are thought to have ordered more than 10 times the FACEBOOK'S UK CORPORATION TAX BILL: £0number of shares available, meaning only those that offered to pay the maximum 3.30 pound-a-share will be able to buy any stock - and even then they will not collect anywhere near the amount they requested.
FACEBOOK'S UK CORPORATION TAX BILL: Zero pounds
Facebook paid no corporation tax in Britain last year, according to its latest accounts, despite taking an estimated 223 million pounds share of the digital advertising market.
NISSAN WARNS AGAINST REFERENDUM VOTE TO LEAVE EU
Nissan has urged Britain not to leave the European Union, warning that an exit could create obstacles to foreign investment in automotive manufacturing.
SHALE GAS INDUSTRY 'MAY CREATE MORE THAN 100,000 JOBS'
A shale gas boom in the UK would create more than 100,000 jobs but the industry will take ten years to get going, according to new research.
GEORGE: ROYAL BABY CHRISTENING COIN CREATED
The Royal Mint has created the first ever royal christening coin in the UK to mark Prince George's baptism later this month.
SCOTTISH INDEPENDENCE: DEFENCE JOBS WARNING
Thousands of jobs could be lost in the defence industry if Scotland votes for independence, the British Defence Secretary has warned.