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Sunshine and Rate Cuts Boost August Sales, But Retailers Fear a Tax-Hit Christmas

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The latest UK retail sales data reveals a positive August trend. Sales increased by 3.1% compared to last year. Consequently, this marks a solid performance for...
Business

Fiscal Credibility Tested Ahead of Reeves’ Autumn Budget

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Fiscal credibility is the central theme for Chancellor Rachel Reeves. She confidently announced her November Budget date. This happened amidst significant political and economic...
Business

UK Construction Sector Downturn Extends into an Eighth Month

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The UK construction sector downturn persists. Output fell again in August. This marks the eighth consecutive month of decline. New data from S&P Global...
Business

Government Advocates for UK Steel Industry Consolidation Through Private Merger

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The UK government currently supports a major merger. This plan involves all the country's steel companies. However, ministers firmly reject full nationalisation. Instead, they...
Business

UK Pharma Investment Crisis: Industry Warns of Exodus Over NHS Drug Pricing Row

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Britain's life sciences sector appears world-class. It boasts two pharmaceutical giants. AstraZeneca and GSK are global leaders. The country also has top-tier universities. However,...
Business

Rising UK Borrowing Costs: 30-Year Government Debt Hits 27-Year High Amid Economic Pressure

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The UK's financial situation is causing major concern. Rising UK borrowing costs are making headlines. The focus is on the 30-year gilt yield. This is the...
Business

Nuclear Power Lifespan Extended for Two UK Plants

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Energy giant EDF has announced a significant extension. Consequently, the nuclear power lifespan for two UK plants is prolonged. Heysham 1 and Hartlepool will...
Business

UK Debt Crisis Intensifies as Borrowing Costs Soar

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The UK government faces a significant financial challenge. Consequently, a UK debt crisis is now intensifying. Thirty-year government bond yields hit a twenty-seven-year high. They reached...
Business

Political Exploitation of Fear Condemned by UK Women

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Prominent British women have issued a strong condemnation. They accuse right-wing politicians of political exploitation of fear. An open letter criticizes attempts to link immigration...
Business

UK Borrowing Costs Soar, Squeezing Chancellor’s Budget

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Chancellor Rachel Reeves faces intense new pressure. Consequently, UK borrowing costs have hit a twenty-seven-year high. The yield on thirty-year government bonds reached 5.68%. This marks...
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