Economy
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Inflation surges to highest level for a decade
Annual inflation surged to 5.1% in November, the highest rate for over a decade, official data showed on Wednesday. The consumer price…
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Omicron will dent but not upend oil recovery, IEA says
The Omicron variant will dent global oil requirements but not derail the recovery in demand, the International Energy Agency said. The IEA…
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IMF urges BoE to act early to combat inflation
The International Monetary Fund has urged the Bank of England to act early to curb inflation as BoE policymakers set to meet…
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CMA fears Apple and Google duopoly impacts competition
Britain’s Competition and Markets Authority, which launched a probe earlier in 2021 over concerns that Apple and Google-parent company Alphabet held too…
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Delays for NHS Covid booster jabs as test supplies suspended
Britain’s National Health service found itself under pressure once again as people rushed to get Covid booster jabs and the first death…
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UK house prices to return to ‘normal’ in 2022 – Rightmove
Britain’s hectic property market is expected to ease and return to more “normal” levels next year, but prices will still rise by…
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Ofgem launches bidding round for new subsea electricity cables
Ofgem invited bids to bring forward “billions of pounds of investment” in new electricity interconnectors on Monday, in a bid to boost…
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UK govt unveils biggest-ever renewable CfD round worth £285m a year
The biggest ever round of the UK government’s renewable energy support scheme opened to applications on Monday, with £285m available a year…
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Government launches biggest-ever renewable Contracts for Difference round
The biggest ever round of the UK government’s renewable energy support scheme opened to applications on Monday, with £285m available a year…
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Record number of UK manufacturers raise prices in Q4
A record number of UK manufacturers have raised prices in the face of strong inflationary pressures during the fourth quarter of 2021,…
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