UK growth, app store downloads, and the 50p tax rate - here's your need-to-know business news roundup.
Apple’s App Store has reached 25 billion downloads less than four years after its launch.
Developers have made more than $4 billion from app sales. Apple takes a 30 per cent cut. [FT]
UK growth will be lower than forecast according to the British Chambers of Commerce.
The group cut its 2012 growth predictions to 0.6 per cent from 0.8 per cent. [BBC]
Senior Lib Dems have softened their position on the 50p tax rate following pressure from high earners.
The government has been accused of hypocrisy after indicating that it is considering scrapping the rate. [ThisIsMoney]