Economy
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UK consumers continue accumulating excess savings in October
Britons continued to display caution last month, adding to their stash of excess savings, although the opposite was true of corporates, the…
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Government on standby for collapse of energy supplier Bulb – report
The government is reportedly accelerating contingency plans for the collapse of energy supplier Bulb. According to Sky News, ministers and officials, along…
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Crossrail facing another hurdle as MPs reveal £150m funding gap
The long-awaited but never-arrived Elizabeth line could be facing yet another delay, as MPs warned the cross-London railway was facing yet another…
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Independent retailers help stem rise in empty stores – BRC
Empty UK stores remained at a record high in the third quarter but vacancies did not rise for the first time in…
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Living standards to fall after Sunak budget – IFS
Living standards will fall for many people in the UK as a result of Rishi Sunak’s budget, one of Britain’s top economic…
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UK Budget: Sunak gambles on spending spree ahead of pre-election tax cuts
UK Finance Minister Rishi Sunak on Wednesday gambled on a budget spending package to help Britain recover from the Covid pandemic with…
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UK Budget: Rising debt interest payments ‘could hit growth forecasts’
Rising interest payments could hit the UK economy’s chances of 6.5% growth next year, economists said on Wednesday after the the government…
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UK Budget: GDP growth revised up to 6.5% for 2021, 6% next year
UK economic growth has been lifted to 6.5% this year and 6% in 2022, said Finance Minister Rishi Sunak. The revision compares…
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Retail prices to rise before Christmas – BRC
UK shoppers face rising prices in the run-up to Christmas after the cost of goods increased for the third month running, the…
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UK inflation expectations hit highest level since 2008
Household expectations for inflation over the next year hit their highest level in October since the 2008 financial crisis, a survey by…
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