FTSE LIVE: Financial services paid record tax levels; Aston Martin profits below par

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FTSE LIVE: Aston Martin warns on profits; City firms pay record £75bn tax haul; Morrisons reports slight drop in sales

  • Financial service firms paid a record £75.5billion in taxes last year
  • Malaise at Aston Martin while new Cullinan vehicle boosts Rolls Royce sales 
  • Morrisons reports a slight sales dip, but supermarket hails ‘robust’ profitability 

By This Is Money

Published: | Updated:

UK financial service firms continued to maintain their strong dominance on the UK economy, with accounting giant PwC reporting that the sector produced a record £75.5billion in tax in 2019, more than 10 per cent of all government receipts.

It’s a mixed bag for the car industry though, with Rolls Royce experiencing record sale, but Aston Martin continuing to struggle. 

The supermarket Morrisons had a small drop in like-for-like sales over the festive period which the chief executive blamed on ‘challenging’ trading conditions. 

 

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