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UK interest rates rise to 4.25% after Bank of England decision

by adminPosted onMarch 24, 2023

The Bank of England has pushed up the cost of borrowing to its highest level in nearly 15 years amid concerns that inflation will persist.…

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Ex-Virgin Money chief Gadhia explores sale of finance app Snoop

by adminPosted onMarch 22, 2023

Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches.…

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Craft gin maker British Honey flies towards administration after funding failure

by adminPosted onMarch 22, 2023

A producer of honey-based products including craft gins has revealed plans to call in administrators after failing to secure long-term funding and a sale of…

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Jeremy Hunt backs inflation battle and says UK is financially stable

by adminPosted onMarch 22, 2023

Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest rates have contributed to recent volatility…

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Brexiteer Tories waver on support for Rishi Sunak’s Brexit deal

by adminPosted onMarch 22, 2023

A key group of Brexit-supporting Conservative MPs are yet to say whether they will vote for Rishi Sunak’s Brexit deal. Parliament will vote tomorrow on…

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Number of UK sectors in growth mode hits 10 month high

by adminPosted onMarch 22, 2023

More UK sectors reported an increase in output than at any time in the past 10 months in February, as stronger demand and weaker cost…

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SSE backs UK’s first pumped hydro scheme in 40 years with £100m funding

by adminPosted onMarch 22, 2023

SSE will invest £100m in the UK’s first pumped hydro storage scheme in 40 years in a bid to support the UK’s renewable energy transition.…

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Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent

by adminPosted onMarch 22, 2023

UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing…

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Just Eat slashes 1,700 jobs as food delivery giant re-embraces ‘gig economy’ model

by adminPosted onMarch 22, 2023

Just Eat has been forced to slash 1,700 delivery driver jobs and 170 head office roles, after the service has seen a slow down in…

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Google’s rival to ChatGPT launches for over-18s

by adminPosted onMarch 22, 2023

Google has started rolling out its AI chatbot Bard, but it is only available to certain users and they have to be over the age…

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