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Sky News
Borrowing is falling but Sunak faces the most challenging situation for a chancellor in decades
During the last 17 months we have become almost inured to the terrifying increases in government borrowing incurred in grappling with the pandemic.The government borrowed £303bn during the 2020-21 financial year, a peacetime record, equivalent to 14.5% of UK GDP. Yet something interesting has been happening during the current financial year. Please use Chrome browser …
Business
Business Live
Origin hits the international standard for growth with certification secured for pharma packaging
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Business
Business Live
New John Haynes foundation will aim ‘to transform the lives of a million people’
Business
Business Live
Metrolink tram drivers to vote on strike action over ‘derisory’ pay offer
Business
Evening Standard
Reasons to be hopeful about the economy
Where does the economy go from here? Events can quickly make the guesses of economists and journalists alike look foolish, but here is my take: we are going the right way, but a bit slower between now and Christmas than we might want.Today’s retail sales, down 2.5% in July, point to that slowdown. There was …
Business
Evening Standard
AstraZeneca hails late-stage trial of new drug for vulnerable people not protected by Covid vaccines
AstraZeneca today said a Covid drug for vulnerable people not adequately protected by existing vaccines had shown encouraging results in a late-stage trial.The pharmaceutical company said there were no cases of severe Covid-19 or deaths in those treated with AZD7442, which is a combination of two long-acting antibodies.The University of Colorado’s Myron Levin, the lead …
Business
Evening Standard
Apple pushes back office return until at least January 2022
Apple has pushed back its mandatory return to the office until January 2022 at the earliest.The tech giant had initially told staff around the world to head back to corporate offices for three days per week from September, and then from October. The new date was announced via a memo from Apple’s HR chief, which …
Business
Business Live
Vertu Motors to restart dividends to shareholders on the back of ‘exceptional’ used car market
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Business
Evening Standard
Business travel down 85% at cost of £4 billion to UK coffers, new data suggests
Business travel was down by over 85% on 2019 levels last week costing the UK £4.09 billion in lost GDP, new industry data suggests.Trade body the Business Travel Association (BTA) said latest figures from data firm Travelogix show in the second week of August international corporate trips from the UK dropped by 85.3% compared to …
Business
Business Live
SPONSORED: Bath Business Awards return to honour city’s resilient entrepreneurs and companies
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Business
Evening Standard
Vertu Motors upgrades profit expectations but cautions over used car supply
Listed dealership Vertu Motors has upgraded profit expectations despite cautioning that its supply of in-demand second-hand cars may be restricted in the coming months.Used car prices have been soaring. Demand in the sector is being fuelled by a global semiconductor shortage stymieing production and supply of new cars – meaning consumers are now facing long …
Business
Sky News
M&S shares surge after retailer says ‘encouraging’ sales show turnaround is working
Shares in Marks & Spencer have surged after it bumped up its profit outlook following “encouraging” sales – but admitted stores are still struggling to recover after lockdowns.The retailer pointed to clothing and home sales – increasingly made online – bouncing back to just below pre-pandemic levels as well as a big boost to food …

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