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BT and Vodafone to lobby PM to allow use of Huawei equipment3h BT and Vodafone to lobby PM to allow use of Huawei equipment
CEOs Philip Jansen and Nick Read say they have seen no evidence that warrants ban BT and Vodafone are set to lobby Boris Johnson to allow Huawei technology to be used in the UK’s 5G phone network. BT’s chief executive, Philip Jansen, and Nick Read, his counterpart at Vodafone, are drafting a letter to the prime minister arguing they have not seen evidence that Huawei equipment poses a security risk that warrants a total ban. Huawei has always denied allegations its kit could be used by the Chinese government to spy on users.
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Flybe plays down size of rescue deal as rivals step up criticism7h Flybe plays down size of rescue deal as rivals step up criticism
Airline says that, contrary to reports, only a small amount of tax bill has been deferred Flybe has admitted to having secured a £10m tax holiday and confirmed ongoing negotiations over a state loan, as rival airlines stepped up attacks on the government’s rescue of the struggling carrier. The Exeter-based airline said that, contrary to reports, only a small amount of its annual air passenger duty (APD) bill – believed to be £106m – had been deferred, in what it said was a standard arrangement for businesses in difficulty.
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21h Flybe boss says government loan is not a bailout
However the airline is "in conversation" with the government over a loan, Mark Anderson has confirmed.
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UK green economy has shrunk since 201423h UK green economy has shrunk since 2014
Conservative government critics blame Treasury’s dramatic cut in subsidies Britain’s green economy has shrunk since 2014, heightening concerns that the government will miss targets to
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Germany will pay billions to speed up coal-fired power plant shutdowns23h Germany will pay billions to speed up coal-fired power plant shutdowns
In fight against climate crisis, operators will be compensated for early switch-offs Germany will pay its utility companies billions of euros to speed up the shutdown of their coal-fired power plants as part of the country’s efforts to fight climate crisis, the government has said. The agreement reached between federal ministers and representatives of four coalmining states removes a key hurdle in Germany’s plan to curb greenhouse gas emissions over the coming decades.
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Warning of power blackouts unless UK prepares for electric car future33h Warning of power blackouts unless UK prepares for electric car future
The UK's electricity network needs urgent investment to prepare for an electric vehicle future or risk blackouts, a report for the government has warned.
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British Airways owner IAG files EU complaint over Government £106million Flybe rescue plan 15 Jan 6:17pm British Airways owner IAG files EU complaint over Government £106million Flybe rescue plan
IAG has asked the European Union's Directorate-General for Competition to look into whether UK support for Flybe constitutes a breach of rules. Pictured: Willie Walsh, head of BA.
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15 Jan 12:18pm Updated Flybe: Airline and rail rivals attack government rescue
British Airways' owner IAG files a complaint to the EU arguing Flybe's rescue breaks state aid rules.
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Why rivals are grumbling about Flybe rescue - and how the deal has bigger implications 15 Jan 11:54am Why rivals are grumbling about Flybe rescue - and how the deal has bigger implications
On the face of it, International Airlines Group's complaint to the European Commission about the rescue of regional carrier Flybe is simply a row about whether Boris Johnson's government has the right to intervene to keep the business afloat.
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15 Jan 8:10am Flybe: Airline and rail rivals attack government bailout
British Airways' owner IAG files a complaint to the EU arguing Flybe's rescue breaks state aid rules.
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Owner of British Airways files complaint over Flybe bailout 15 Jan 7:30am Owner of British Airways files complaint over Flybe bailout
IAG writes to competition directorate of EU saying rescue deal contravenes state aid rules British Airways’ owner IAG has filed an official complaint to the European Commission over the bailout of Flybe, amid growing political and industry backlash to the government’s rescue of the ailing regional carrier. IAG has written to the competition directorate of the EU saying that the rescue deal announced on Tuesday night by ministers, which could include a £100m loan and deferral of an outstanding tax bill, contravenes state aid rules.
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15 Jan 12:57am Updated Flybe: Government strikes a deal to rescue troubled airline
The airline’s investors will put more money in while the government will review air passenger tax.
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Mike Ashley urges Government to reform business rates system 14 Jan 5:37pm Mike Ashley urges Government to reform business rates system
Frasers Group, which was renamed from Sports Direct International last month, called on Prime Minister Boris Johnson to make changes to transitional relief.
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14 Jan 2:22pm Updated Flybe reaches rescue deal with shareholders
The airline’s investors will put more money in while the government will review air passenger tax.
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The Guardian view on Macron’s pensions retreat: one step forward, two steps back | Editorial 14 Jan 1:29pm The Guardian view on Macron’s pensions retreat: one step forward, two steps back | Editorial
The French president must learn the lessons of the concession he has made on pension reform – or he risks the far right exploiting this battle at the next electionIn the end, Emmanuel Macron seems prepared to compromise. After six weeks of strikes involving rail employees, teachers, nurses, ballet dancers, lawyers, concierges, pilots and drivers on the Paris Métro, the French government
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Flybe saved after successful last-ditch talks 14 Jan 1:18pm Flybe saved after successful last-ditch talks
Details of government rescue deal with shareholders yet to be released The future of Flybe appeared to have been secured on Tuesday night after ministers said they had reached a deal with shareholders to keep Europe’s largest regional carrier flying. The business secretary, Andrea Leadsom, tweeted: “Delighted that we have reached agreement with Flybe’s shareholders to keep the company operating, ensuring that UK regions remain connected. This will be welcome news for Flybe’s staff, customers and creditors and we will continue the hard work to ensure a sustainable future.”
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Flybe rescue deal agreed by ministers 14 Jan 12:56pm Flybe rescue deal agreed by ministers
Business secretary Andrea Leadsom said the government had reached an agreement to keep troubled airline Flybe operating.
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14 Jan 11:44am Updated Gambling on credit cards to be banned
The ban, which starts on 14 April, comes after reviews of the industry by the commission and the government.
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Huawei confident on UK 5G work as US lobbies for a snub 14 Jan 8:24am Huawei confident on UK 5G work as US lobbies for a snub
Chinese telecoms giant Huawei is confident that the government will grant approval for it to form part of the UK's 5G network, if it remains committed to an "evidence-based" approach to the issue.
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14 Jan 7:31am Flybe: UK government considers new funding for airline
The prime minister says there is "no doubt" about the importance of regional airline Flybe.
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Flybe: government considers air passenger duty cut to save airline 14 Jan 5:07am Updated Flybe: government considers air passenger duty cut to save airline
Sajid Javid examines allowing regional carrier to defer paying £100m tax bill for three years Emergency talks are taking place on Tuesday between the chancellor, Sajid Javid, and the business and transport departments, amid
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Flybe: government in talks to help airline over £100m tax bill 14 Jan 2:41am Flybe: government in talks to help airline over £100m tax bill
Sajid Javid considers allowing regional carrier to defer paying air passenger duty Emergency talks will take place on Tuesday between the chancellor, Sajid Javid, and the business and transport departments, amid
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14 Jan 2:07am Gamblers to be banned from using credit cards
The ban, which starts on 14 April, comes after reviews of the industry by the commission and the government.
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13 Jan 3:09pm Flybe in talks to delay air passenger duty bill
A deferment is one option the airline is discussing with the government to secure a rescue deal.
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Bonus blow for Greggs staff prompts call for benefit and tax rethink 13 Jan 2:49pm Bonus blow for Greggs staff prompts call for benefit and tax rethink
Some workers who are on universal credit could keep just £75 of the £300 payout The government has been urged to rethink its tax and benefit rules for low-paid workers after it emerged that some staff at the bakery chain Greggs could get to keep just a quarter of their £300 annual bonus as a result of universal credit deductions. Greggs announced last week that its 25,000 workers would receive a
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Flybe on the brink as government urged to step in 13 Jan 1:28pm Flybe on the brink as government urged to step in
Europe’s largest regional airline seeks state help to stave off collapse
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Why Dutch Officials Want You to Forget the Country of Holland 13 Jan 10:38am Why Dutch Officials Want You to Forget the Country of Holland
The government has started to rebrand the country as the Netherlands to enhance its image in the face of global competition.
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Just one new onshore windfarm started under current UK policies in 2019 13 Jan 10:07am Just one new onshore windfarm started under current UK policies in 2019
Rollout of new turbines in decline amid Tory subsidy cuts, jeopardising climate targets Just one new onshore windfarm started up last year under the government’s current energy policies, raising fears that the UK may fall short of the renewable energy it needs to generate to meet its climate targets. Industry figures show the rollout of new onshore windfarms has fallen into sharp decline after the government scrapped subsidy schemes four years ago.
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Canadian C.E.O. Tweets His Anger at U.S. Government 13 Jan 9:48am Updated Canadian C.E.O. Tweets His Anger at U.S. Government
Michael McCain, chief of Maple Leaf Foods, blamed ill-conceived plans for diversions and “a narcissist in Washington” for the deaths of Canadians, including the family of one of his colleagues.
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Avoid UK recession by kickstarting green economy, says thinktank 13 Jan 1:01am Avoid UK recession by kickstarting green economy, says thinktank
New Economics Foundation calls for £50bn to reboot economy on greener footing The government fightback against the next recession should include pumping as much as £50bn into green projects, in a move that would help reboot the economy and tackle the climate emergency, according to a left-leaning thinktank. Against a backdrop of concern among economists that Britain is ill-equipped to combat another downturn on the scale of the 2008 financial crisis, the New Economics Foundation thinktank said a green plan to beat a future slump was required.
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British Steel job cuts likely if Jingye takes over, say unions 10 Jan 10:12am British Steel job cuts likely if Jingye takes over, say unions
Unions fear for 4,000 staff if Chinese company buys loss-making steelmaker Government
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Job cuts likely if Jingye buys British Steel, say unions 10 Jan 9:38am Job cuts likely if Jingye buys British Steel, say unions
Unions fear for 4,000 staff if Chinese firm buys loss-making steelmaker Government
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HS2 destroyed trees in way of train line without permission 10 Jan 2:00am HS2 destroyed trees in way of train line without permission
Contractors removed potential habitats for bats and butterflies in Buckingham nature reserve to prepare for rail line Trees were felled and the potential habitats of rare bats and butterflies were destroyed on a nature reserve without permission to make way for HS2, the high-speed rail scheme has admitted. Contractors sealed off public footpaths and removed trees inside Calvert Jubilee nature reserve, in Buckinghamshire, without notifying the landowner, the Berkshire, Buckinghamshire and Oxfordshire Wildlife Trust (BBOWT). Work which eradicated habitat where bats could roost was carried out in December, despite the government having ordered that “irreversible” destruction of ancient woodland
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Liberty Steel and Hitachi Rail plan to cut up to 505 jobs in UK 9 Jan 2:33pm Liberty Steel and Hitachi Rail plan to cut up to 505 jobs in UK
Blow to manufacturing sector draws criticism of government’s industrial strategy The UK’s manufacturing sector has suffered a double blow after Liberty Steel and the rolling stock manufacturer Hitachi announced job cuts affecting up to 505 staff across the UK. The twin announcements prompted criticism of the
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HMRC catches only 13% of firms paying below minimum wage 9 Jan 5:31am HMRC catches only 13% of firms paying below minimum wage
There are fears an inflation-busting rise in April will tempt more bosses to break the law Thousands of bosses who pay workers less than the minimum wage are getting away with breaking the law, with only one in eight caught by government inspectors, research shows. There has been a sharp rise in the number of low-paid workers cheated of wages. An estimated 11,000 firms failed to pay the minimum wage in 2018-19, according to analysis of official figures by the Resolution Foundation thinktank. However, HM Revenue and Customs inspectors identified only 1,456 of the lawbreakers and there are fears an
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Cyber security breaches hit unprecedented highs in UK defence industry 8 Jan 3:33am Cyber security breaches hit unprecedented highs in UK defence industry
Cyber security breaches have risen to unprecedented levels across the British defence industry over the last year, according to a heavily redacted government document obtained by Sky News.
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Campaigners call for laws to back up farming standards assurances 8 Jan 1:30am Campaigners call for laws to back up farming standards assurances
Environment secretary’s speech to farmers expected to be short on specific promises The government will move to reassure the public that Britain’s current high standards on animal welfare and farming will be
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Cancelling HS2 would fail new Tory voters, Boris Johnson told 7 Jan 1:00pm Cancelling HS2 would fail new Tory voters, Boris Johnson told
West Midlands mayor says rail project could ‘make or break the future’ of region The Conservative mayor of the West Midlands has told Boris Johnson cancelling HS2 would fail the new Tory voters who returned him to No 10 last month believing he would bring prosperity to their region. As the government prepares to publish a review into the future of the high-speed railway line, Andy Street said abandoning the project would deliver a “hammer blow” to the West Midlands from which it could take a decade to recover.
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7 Jan 10:31am TransPennine Express to refund season ticket fare rise
Some rail operators have been under pressure from the government to get their house in order.
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Banks paid a record £75.5bn tax bill in 2019 7 Jan 4:10am Banks paid a record £75.5bn tax bill in 2019
The sum accounts for more than £1 in every £10 paid to the Government, according to a report by accountants PwC for the City Of London Corporation.
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Middle East tensions push gold to 7-year high 7 Jan 2:40am Middle East tensions push gold to 7-year high
Experts say rock-bottom returns on cash and government bonds - traditionally seen as alternative harbours during turbulent times - have made the precious metal increasingly attractive.
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New Owner Is Selected After $146 Million Nursing Home Collapse 7 Jan 12:28am New Owner Is Selected After $146 Million Nursing Home Collapse
The federal government has been in charge of a chain of Illinois nursing homes that defaulted on mortgages backed by a government program.
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VAT ruling on Times digital edition could save News UK millions 6 Jan 1:39pm VAT ruling on Times digital edition could save News UK millions
Rupert Murdoch’s firm satisfies tax tribunal that subscriptions should be zero-rated Rupert Murdoch’s newspaper group could be set for a substantial financial windfall after successfully arguing that the Times’ digital edition is effectively a print newspaper because its website is rarely updated. The ruling by a tax tribunal could potentially save News UK enormous sums in the future and allow the company to claim back tens of millions of pounds from the government in overpayment of VAT.
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Hong Kong Considers the Future: ‘If You Can Afford It, Leave’ 3 Jan 5:00am Hong Kong Considers the Future: ‘If You Can Afford It, Leave’
As violence escalates and the Chinese government exerts greater control over the financial hub, residents wrestle with their options.
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Call for rethink on rail fares after latest above-inflation increase 1 Jan 7:01pm Call for rethink on rail fares after latest above-inflation increase
Campaigners demand overhaul of system and fairer way to calculate future fares Campaigners have called on the government to rethink rail fares as commuters return to work facing another 2.8% rise in the cost of their travel. The latest above-inflation increase will add more than £100 to many season tickets, and follows months of misery on some of the country’s biggest commuter rail networks, affecting passengers in the north of England, the Midlands and London.
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Government misses minimum wage target set by Tories in 2015 31 Dec 2019, 11:37am Government misses minimum wage target set by Tories in 2015
‘National living wage’ due to rise to £8.72 in April, falling short of George Osborne’s £9 target The government has missed a Conservative party target to set a “national living wage” of £9 an hour by 2020 following weaker than expected average pay growth across the British economy. In an end-of-year flourish designed to woo low-paid workers after his election victory, Boris Johnson announced on Tuesday that almost 3 million people would benefit from an above-inflation
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UK minimum wage to rise by four times rate of inflation 31 Dec 2019, 8:48am UK minimum wage to rise by four times rate of inflation
Employees over 25 will receive a 6.2% pay rise equating to £930 a year for full-time worker Almost 3 million workers in Britain are to receive a pay rise of more than four times the rate of inflation from April, after the government said it would increase the official minimum wage. In an announcement designed to woo low-paid workers in the immediate aftermath of Boris Johnson’s election victory earlier this month, the government said the national living wage for over-25s would increase from £8.21 an hour to £8.72 from the start of April.
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Orange peels, fatbergs and waste straw could be made into green fuels for UK vehicles 31 Dec 2019, 6:22am Updated Orange peels, fatbergs and waste straw could be made into green fuels for UK vehicles
The Government is funding four projects converting waste items including discarded fruits, congealed masses from the nation's sewers and leftovers that farm animals don't eat into eco fuels.
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31 Dec 2019, 5:09am Updated National living wage to rise by 6.2% in April
The government says it will boost pay by more than four times the rate of inflation.
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What you need to know about pensions in 2020: Brexit, social care and tax 31 Dec 2019, 4:23am Updated What you need to know about pensions in 2020: Brexit, social care and tax
The newly re-elected Government now has a majority that gives it the opportunity to solve major issues affecting retirement finances. Here's what you need to know.
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Convert half of UK farmland to nature, urges top scientist 31 Dec 2019, 2:30am Convert half of UK farmland to nature, urges top scientist
New woodlands and wild places are needed to fight climate crisis and improve people’s health Half of the nation’s farmland needs to be transformed into woodlands and natural habitat to fight the climate crisis and restore wildlife, according to a former chief scientific adviser to the UK government. Prof Sir Ian Boyd said such a change could mean the amount of cattle and sheep would fall by 90%, with farmers instead being paid for storing carbon dioxide, helping prevent floods and providing beautiful landscapes where people could boost their health and wellbeing.
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Boris Johnson to increase minimum wage by four times inflation 31 Dec 2019, 2:17am Boris Johnson to increase minimum wage by four times inflation
Employees over 25 will receive a 6.2% pay rise equating to £930 a year for full-time worker Almost 3 million workers in Britain are to receive a pay rise of more than four times the rate of inflation from April, after the government said it would increase the official minimum wage. In an announcement designed to woo low-paid workers in the immediate aftermath of Boris Johnson’s election victory earlier this month, the government said the national living wage for over-25s would increase from £8.21 an hour to £8.72 from the start of April.
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Boris Johnson to raise minimum wages by four times inflation 30 Dec 2019, 7:01pm Boris Johnson to raise minimum wages by four times inflation
Employees over 25 will receive a 6.2% pay rise equating to £930 a year for full-time worker Almost 3 million workers in Britain are to receive a pay rise of more than four times the rate of inflation from April, after the government said it would increase the official minimum wage. In an announcement designed to woo low-paid workers in the immediate aftermath of Boris Johnson’s election victory earlier this month, the government said the national living wage for over-25s would increase from £8.21 an hour to £8.72 from the start of April.
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Top financial resolutions if you want a prosperous new year 29 Dec 2019, 3:00am Top financial resolutions if you want a prosperous new year
With Brexit rumbling on and economic challenges ahead, here are some suggestions for making the best of 2020A year of political chaos, continued low interest rates, mushrooming online fraud, a weak pound and collapsing travel companies has meant that 2019 was 12 months that many will want to forget. As Brexit dominated the political agenda, there appeared to be little time for anything else from the government. But will 2020 be any different, and will promises in the Queen’s speech that there will be an end to no-fault evictions, and no rises in VAT, income tax and national insurance, be borne out?
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Mortgage prisoner: ‘I’ve been told I can’t sell for years’ 28 Dec 2019, 2:00am Mortgage prisoner: ‘I’ve been told I can’t sell for years’
In the wake of the Grenfell disaster, owners of high-rise apartments are finding their flats are worth zero High-rise flat owners are effectively being told they may not be able to sell up or remortgage for several years unless the new government steps in to sort out a safety row. Those affected could include Jack McGurran, who was looking to sell his flat so he could buy a bigger place, but now probably won’t be going anywhere for a while.
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As he prepares to take over at the Bank of England, Andrew Bailey comes under fire over HBOS report 27 Dec 2019, 6:59pm As he prepares to take over at the Bank of England, Andrew Bailey comes under fire over HBOS report
The High Street lender was rescued through an emergency takeover by rival Lloyds and a £20billion bailout from the Government in the depths of the financial crisis in 2008.
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A new action plan aims to make life simpler for buyers and sellers alike: will it revive the market? 27 Dec 2019, 11:56am Updated A new action plan aims to make life simpler for buyers and sellers alike: will it revive the market?
Government figures show the average time from a home going on Rightmove to a buyer moving in is 20 weeks, with 30% of deals collapsing.
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Union calls for inquiry into handling of Thomas Cook collapse 27 Dec 2019, 3:25am Union calls for inquiry into handling of Thomas Cook collapse
MPs must look at how previous government handled travel company’s crisis, says Unite Calls are being stepped up for a fresh inquiry into the government’s handling of the collapse of travel giant Thomas Cook after a study suggested that most former employees are still out of work. Unite said only about a fifth of the 9,000 people who lost their jobs had found another one, more than three months
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The F.A.A. Wants to Start Tracking Drones’ Locations 26 Dec 2019, 10:42pm The F.A.A. Wants to Start Tracking Drones’ Locations
A proposal would require most drones flying in American airspace to include technology that would allow the government to keep tabs on them.
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China Blocked Her From Freezing Her Eggs. So She Sued. 24 Dec 2019, 6:47am Updated China Blocked Her From Freezing Her Eggs. So She Sued.
The Chinese government prohibits single women from freezing their eggs, forcing many of them to go overseas. “It feels like my right to choose is always controlled by others.”
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Cobham’s US buyer vows to keep UK jobs and investment 23 Dec 2019, 12:51pm Cobham’s US buyer vows to keep UK jobs and investment
Advent International also commits to British HQ, which employs about 1,700 staff The new US owner of the UK defence company Cobham has pledged to keep jobs and investment in Britain as the government faces increasing criticism for allowing the £4bn takeover to go ahead. The world-leading expert in air-to-air refuelling said its private-equity buyer, Advent International, had committed to maintaining a UK headquarters and to continue funding research and development at its Dorset offices. It has also vowed to keep using the company’s name, which references Sir Alan Cobham who founded the firm in 1934.
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US owner of defence firm Cobham vows to keep up investment 23 Dec 2019, 12:32pm US owner of defence firm Cobham vows to keep up investment
Buyer of company commits to its UK headquarters, which employs about 1,700 staff The new US owner of UK defence company Cobham has vowed to keep jobs and investment in Britain as the government faces mounting criticism for allowing the controversial £4bn takeover to go ahead. Cobham, a world-leading expert in air-to-air refuelling, said its private equity buyer Advent International had committed to maintaining a UK headquarters, and to continue funding research and development at its Dorset offices. It has also vowed to keep using the company’s current name, which references Sir Alan Cobham who founded the firm in 1934.
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Don’t glaze over. This statistic holds the key to UK prosperity | Hetan Shah 23 Dec 2019, 5:38am Don’t glaze over. This statistic holds the key to UK prosperity | Hetan Shah
Productivity has fallen to 0.3% – we’ve named it the statistic of the decade. Targeted government action is now vital
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A tale of two cities: London’s rich and poor in Tower Hamlets 23 Dec 2019, 2:00am A tale of two cities: London’s rich and poor in Tower Hamlets
Canary Wharf’s corporate towers look down on food banks in ‘borough of contrasts’ Jane and Noel have never met. They probably never will, even though they go about their lives within sight of each other. Jane is a 30-year-old mother of five. On the Thursday before Christmas, Jane walked through the pouring rain to a food bank in a Salvation Army church in Poplar, east London. She is unemployed and has had her benefits stopped as she waits to be transferred on to the government’s “simplified”
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It will take more than Tory cash-splashing to keep the red wall blue 22 Dec 2019, 10:49am It will take more than Tory cash-splashing to keep the red wall blue
Central government should play a small role and let spending decisions be taken locally “Let’s sort this mess of a town out,” says a voter in Leigh, a former Lancashire mining and mill town on the edges of greater Manchester, writing on the Facebook wall of its first ever Conservative MP. “Like Labour have done anything for Leigh over the last 100 years apart from grind it in to the ground,” says another.
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UK approves takeover of Cobham defence firm by US company 21 Dec 2019, 3:34am UK approves takeover of Cobham defence firm by US company
Ministers sign off on £4bn deal saying it won’t compromise national security The government has given the green light to a £4bn takeover of UK defence company Cobham by a US private equity firm. A merger between the Dorset-based manufacturer and US firm Advent
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Govt gives green light to £4bn takeover of defence giant Cobham 20 Dec 2019, 11:28pm Govt gives green light to £4bn takeover of defence giant Cobham
The government has signed off a £4bn takeover of UK defence company Cobham by US private equity firm Advent International.
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20 Dec 2019, 5:39pm UK approves £4bn Cobham takeover
The government has cleared Advent's £4bn takeover bid for British defence firm Cobham.
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All change: UK tries again with new 50p to mark Brexit date 20 Dec 2019, 11:59am All change: UK tries again with new 50p to mark Brexit date
About 1m commemorative coins were melted down when October exit did not take place A new commemorative Brexit 50p coin has been ordered by the government, after the first batch had to be melted down by the Royal Mint because they featured the wrong date. The chancellor, Sajid Javid, originally ordered production of the original Brexit memorial coin earlier this year but around 1m coins
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Jingye in talks about £120m British Steel state support 19 Dec 2019, 5:50am Jingye in talks about £120m British Steel state support
The government is finalising a £120m funding package to help secure a Chinese takeover of British Steel that would safeguard tens of thousands of jobs in and around new Conservative constituencies.
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ALEX BRUMMER: The race to become next Bank of England Governor 18 Dec 2019, 4:59pm Updated ALEX BRUMMER: The race to become next Bank of England Governor
As with much else that the Government is doing, from today's Queens Speech, the January 31 deadline for the Prime Minister's Brexit deal and the February budget, this is an administration in a hurry.
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Separate scandal-hit UK audit sector from accounting, says report 18 Dec 2019, 1:47pm Separate scandal-hit UK audit sector from accounting, says report
Review states ‘urgent reform’ needed to rebuild confidence in sector after corporate collapses Britain’s audit sector should be made independent from the wider accounting profession as part of sweeping changes aimed at preventing further scandals, a report has recommended. A government-backed review, led by the City grandee Sir Donald Brydon, said “urgent reform” was needed to rebuild confidence in the sector after a raft of corporate collapses, including the
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ScotRail contract to end three years early after commuter anger rises 18 Dec 2019, 12:30pm ScotRail contract to end three years early after commuter anger rises
Scottish government trigger clause after cancellations and poor services plague Abellio franchise The franchise run by Abellio, Scotland’s main railway operator, will end three years early after anger from commuters over cancellations and poor services. Michael Matheson, the Scottish government’s transport secretary, said he had triggered a clause to end Abellio’s ScotRail contract in 2022, three years earlier than originally planned.
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Second home-buyers warned to watch out for a new capital gains tax grab 18 Dec 2019, 8:56am Updated Second home-buyers warned to watch out for a new capital gains tax grab
Although we can't be sure the direction the next government will take, a raft of proposed tax legislation in draft form is still set to take effect from April 2020.
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Felix G. Rohatyn, Financier Who Piloted New York’s Rescue, Dies at 91 17 Dec 2019, 2:33pm Updated Felix G. Rohatyn, Financier Who Piloted New York’s Rescue, Dies at 91
An immigrant from war-ravaged Europe, Mr. Rohatyn reached the apex of Wall Street and the inner circles of government and commerce.
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Pound takes hit as PM raises stakes on Brexit transition period 17 Dec 2019, 2:04am Pound takes hit as PM raises stakes on Brexit transition period
The pound has tumbled sharply after the government indicated Boris Johnson was planning legislation to prevent the Brexit transition period being extended beyond the end of next year.
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Government set to borrow £100bn more than expected over next five years 16 Dec 2019, 4:50pm Government set to borrow £100bn more than expected over next five years
Analysts warned that Chancellor Sajid Javid will be left short of cash to fire up the economy - though it is hoped that last week's crushing Tory victory will unleash a wave of investment in the UK.
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SFO charges two ex-Serco employees with fraud and false accounting 16 Dec 2019, 9:57am SFO charges two ex-Serco employees with fraud and false accounting
Watchdog is investigating firm’s contracts with MoJ for electronic tagging of prisoners The Serious Fraud Office has charged two former employees of the outsourcing firm Serco with fraud and false accounting, as its investigation into contracts awarded by the government for the electronic tagging of prisoners continues. Serco said it was “mortified” earlier this year after it paid a £23m fine to the SFO as part of the investigation, which included allegations of charging for tagging people who were either dead, in jail, or had left the country.
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Mike Ashley: more House of Fraser stores likely to close 16 Dec 2019, 9:15am Mike Ashley: more House of Fraser stores likely to close
Sports Direct boss predicts more closures unless ‘broken’ rates system is changed Mike Ashley has said that more House of Fraser stores will be forced to shut unless the government undertakes a fundamental review of the business rates system, which the Sports Direct boss slammed as “broken and unworkable”. Ashley said the current rates regime “is clearly helping to kill much of what remains of the UK high street” and that large stores were coming under particular pressure from the property-related tax.
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Two ex-Serco executives charged over electronic tagging 16 Dec 2019, 9:03am Two ex-Serco executives charged over electronic tagging
Two former Serco executives have been charged by the Serious Fraud Office (SFO) over the company's electronic tagging contract with the government.
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What will a Conservative government mean for your money? 16 Dec 2019, 6:46am Updated What will a Conservative government mean for your money?
We highlight eight key promises relating to your pocket, now the election result is in and we know Prime Minister Boris Johnson will have a solid majority to enact his agenda.
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MIDAS SHARE TIPS: The sectors and stocks set to benefit from the new Government 16 Dec 2019, 6:09am Updated MIDAS SHARE TIPS: The sectors and stocks set to benefit from the new Government
Certain stocks and sectors stand out, particularly those likely to benefit from a stronger pound, a return of consumer confidence and a government determined to put some oomph back into Britain.
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British Steel bid still on, insists Chinese firm Jingye 15 Dec 2019, 12:19pm British Steel bid still on, insists Chinese firm Jingye
Jitters in Whitehall grow over any further delay with government spending £1m a day to keep business alive The
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Retailers urge new Government to slash business rates to save the High Street 14 Dec 2019, 5:37am Updated Retailers urge new Government to slash business rates to save the High Street
Retailers pleaded with Boris Johnson to rescue the High Street by fulfilling his manifesto pledge to urgently overhaul business rates.
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What the U.K. Election Result Means for Global Business 13 Dec 2019, 7:05am What the U.K. Election Result Means for Global Business
Prime Minister Boris Johnson said the government now had “a powerful new mandate to get Brexit done,” a stance that goes against decades of greater economic integration.
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Serco to pay first dividend since 2014 after returning to growth 12 Dec 2019, 4:51pm Serco to pay first dividend since 2014 after returning to growth
The group has spent six years recovering from the scandal when it was caught charging the Government to electronically monitor criminals who were either dead or in jail.
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Boeing Hearing Puts Heat on F.A.A. Chief Over Max Crisis 11 Dec 2019, 6:05pm Updated Boeing Hearing Puts Heat on F.A.A. Chief Over Max Crisis
The agency found that without government action, the plane was likely to crash 15 times over the 45 years that it was expected to fly.
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Boeing Hearing: F.A.A. Chief Faces Sharp Questions Over How Agency Handled Max Crisis 11 Dec 2019, 1:34pm Updated Boeing Hearing: F.A.A. Chief Faces Sharp Questions Over How Agency Handled Max Crisis
The agency found that without government action, the plane would likely crash 15 times over the 45 years that it was expected to fly.
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France’s Pension Changes Won’t Affect Older Workers, Prime Minister Vows 11 Dec 2019, 11:24am Updated France’s Pension Changes Won’t Affect Older Workers, Prime Minister Vows
Workers would be urged to work until 64, two years past the legal retirement age, the government said, revealing details of a planned pension overhaul that has prompted strikes.
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Lifetime Isa in the spotlight after closure of the Help to Buy scheme 11 Dec 2019, 3:47am Updated Lifetime Isa in the spotlight after closure of the Help to Buy scheme
Provider OneFamily reported a 278 per cent rise in web hits in the last week of November. Google searches increased 245 per cent. Lifetime Isas offer a 25 per cent government bonus.
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Public borrowing is cheap but ramping up debt is not without risk | Kenneth Rogoff 9 Dec 2019, 1:00am Public borrowing is cheap but ramping up debt is not without risk | Kenneth Rogoff
Borrowing costs are low but the fashion for more debt holds real risks, many of which are hidden With interest rates on government debt at multi-decade lows, a number of leading economists have
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NHS gives Amazon free use of health data under Alexa advice deal 8 Dec 2019, 2:17pm NHS gives Amazon free use of health data under Alexa advice deal
UK health service will not gain commercial benefit from future Amazon products using its data Amazon has been given free access to healthcare information collected by the NHS as part of a contract with the government. The material, which excludes patient data, could allow the multinational technology company to make, advertise and sell its own products.
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British Steel bill rises as sale could take another two months to complete  8 Dec 2019, 5:25am Updated British Steel bill rises as sale could take another two months to complete 
The Government's sale of British Steel could take another two months to complete, costing the taxpayers tens of millions of pounds, industry sources have warned.
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ALEX BRUMMER: Donald Trump stops sale of tech to China, our next Government should do the same 6 Dec 2019, 4:48pm ALEX BRUMMER: Donald Trump stops sale of tech to China, our next Government should do the same
We know from our biggest aerospace contractors that there is a cat-and-mouse game going on with Beijing. It seeks to obtain aerospace technology through the back door.
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France Is Hit by Second Day of Pension Strikes as Unions Dig In 6 Dec 2019, 1:02pm Updated France Is Hit by Second Day of Pension Strikes as Unions Dig In
Transportation was severely disrupted in Paris and other cities, a day after huge protests over government plans to overhaul pensions. Unions are planning more protests next week.
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France Braces for Second Day of Pension Strikes as Unions Dig In 6 Dec 2019, 8:28am France Braces for Second Day of Pension Strikes as Unions Dig In
Transportation was severely disrupted in Paris and other cities, a day after huge protests over government plans to overhaul pensions. Unions are planning more protests next week.
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Health Spending Grew Modestly, New Analysis Finds 5 Dec 2019, 9:48pm Health Spending Grew Modestly, New Analysis Finds
For the first time in many years, the government reported that spending on health care last year grew more slowly than the economy overall.
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Google promotes websites that mimic official Government pages 5 Dec 2019, 7:23am Updated Google promotes websites that mimic official Government pages
Tricksters are setting up official-looking copycat sites and using them to charge for services that should be free. They pay to come top of searches like 'apply for national insurance number'.
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South African Airways lands emergency loan deal to prevent collapse 5 Dec 2019, 1:39am South African Airways lands emergency loan deal to prevent collapse
South African Airways (SAA) is on course to be saved from collapse through an emergency government loan deal.
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Biden Proposes Smaller Tax Increases Than Rivals Do 4 Dec 2019, 8:36pm Updated Biden Proposes Smaller Tax Increases Than Rivals Do
His set of tax plans would ask the highest earners to pay more to fund a smaller-scale expansion of government than those proposed by other leading Democrats.
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Johnson reveals first 100 days plan with election a week away 4 Dec 2019, 4:22pm Johnson reveals first 100 days plan with election a week away
With just a week to the general election, Boris Johnson is already confidently - if not complacently - talking about his plans for the fist 100 days of a majority Tory government.
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UK could drop plans to tax tech firms in rush to secure US trade deal 4 Dec 2019, 12:36pm UK could drop plans to tax tech firms in rush to secure US trade deal
Trade experts raise doubts about digital sales tax aimed at companies such as Google Boris Johnson’s plans for a multibillion-pound tax on tech companies such as Google and Facebook may be dropped in the post-Brexit rush to secure a trade deal with the US, trade experts have suggested. The prime minister said internet companies needed to make a “fairer contribution”, as he indicated on Tuesday he would push ahead with a digital sales tax, despite opposition within his cabinet and a US backlash against similar plans from the French government.
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200,000 Uninsured Americans to Get Free H.I.V.-Prevention Drugs 3 Dec 2019, 4:26pm 200,000 Uninsured Americans to Get Free H.I.V.-Prevention Drugs
A new government program will provide donated drugs through major drugstore chains.
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200,000 People Without Insurance May Apply for Free H.I.V.-Prevention Drugs 3 Dec 2019, 4:05pm 200,000 People Without Insurance May Apply for Free H.I.V.-Prevention Drugs
A new government program will provide donated drugs through major drugstore chains.
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December drink driving offences were up by 16% last year 3 Dec 2019, 8:07am Updated December drink driving offences were up by 16% last year
Concerns regarding drink driving in the UK are on the rise after latest government stats showed an increase in drink-drive related deaths on UK, which have now peaked at an eight-year high.
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UK firms urge Brazil to stop Amazon deforestation for soy production 3 Dec 2019, 1:01am UK firms urge Brazil to stop Amazon deforestation for soy production
Tesco and Asda are among 67 firms and investors who have written to President Bolsonaro Tesco, Sainsbury’s, Asda and the UK’s largest asset manager are among 67 major companies and investors who have written to Brazil’s far-right president, Jair Bolsonaro, urging his government to stop further deforestation of the Amazon for soy production. The preservation of the Amazon rainforest, a vital sink for carbon dioxide, is widely considered by scientists and activists to be a priority in responding to the climate crisis. However, the Brazilian soy farmers’ association
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When you get right down to the fundamentals, the economy is looking pretty crook 2 Dec 2019, 12:00pm When you get right down to the fundamentals, the economy is looking pretty crook
Despite the government’s incessant upbeat predictions, the overall figures are not very healthy at all Ahead of the latest GDP figures to be released on Wednesday has come a range of economic data suggesting that from sales to investment to productivity the fundamentals of the economy are in a pretty bad state of affairs. When faced with weak economic growth, the government’s response has been to argue about the “the fundamentals” and use the words of the governor of the RBA in July that they “are strong”.
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Labour pledges to cut rail fares as parties return to campaigning 1 Dec 2019, 11:22pm Labour pledges to cut rail fares as parties return to campaigning
With just 10 days to go until the polls open, Jeremy Corbyn will announce plans to slash regulated rail fares in England by a third from next month if his party enters government.
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French government threatening to scupper controversial Chinese rescue deal for British Steel 1 Dec 2019, 5:18am Updated French government threatening to scupper controversial Chinese rescue deal for British Steel
The French economy minister has warned that her government is prepared to block the sale of British Steel's profitable French arm to China's Jingye, putting the whole agreement at risk.
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ALEX BRUMMER: Labour will see the sacking of Npower workers as boosting case for public ownership 30 Nov 2019, 9:48am Updated ALEX BRUMMER: Labour will see the sacking of Npower workers as boosting case for public ownership
The current problems in the power industry stem from meddling by Theresa May's government. Under pressure about energy prices, it effectively imposed a price cap.
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ALEX BRUMMER: Diversified energy market makes main players more efficient in serving customers 29 Nov 2019, 4:51pm ALEX BRUMMER: Diversified energy market makes main players more efficient in serving customers
The current problems in the power industry stem from meddling by Theresa May's government. Under pressure about energy prices, it effectively imposed a price cap.
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Is Boris Johnson right about EU state aid rules? 29 Nov 2019, 1:27pm Is Boris Johnson right about EU state aid rules?
PM claims EU system made it difficult for government to protect British steel in 2015 Boris Johnson promised new state aid rules for the UK after Brexit, saying that the current EU system made it more difficult for the government to protect the British steel industry in 2015.
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Bristol city council has bought 64 new diesel vans in last 2 years despite planned ban 29 Nov 2019, 11:52am Bristol city council has bought 64 new diesel vans in last 2 years despite planned ban
Bristol city council is currently waiting on government approval for its proposal to stop diesel passenger cars and vans of all ages from entering the city centre between 7am and 3pm.
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Government paid out £34.5m in Help to Buy Isa bonuses between April and June 29 Nov 2019, 2:59am Government paid out £34.5m in Help to Buy Isa bonuses between April and June
Nearly 22,500 homes were bought between April and June this year using the Help to Buy Isa, according to the last official figures to be released before the product is shelved on Saturday.
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Last-minute surge in help-to-buy Isa applications reported by banks 28 Nov 2019, 12:37pm Last-minute surge in help-to-buy Isa applications reported by banks
First-time buyers urged to claim up to £3,000 of ‘free’ money before deadline Banks and building societies are reporting a last-minute surge in applications for a government savings scheme offering people up to £3,000 of “free” money. The
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What you need to know about the Lifetime Isa as the Help to Buy account closes 27 Nov 2019, 4:35am Updated What you need to know about the Lifetime Isa as the Help to Buy account closes
The Help to Buy Isa is being phased out at the end of this week, meaning from 30 November those after free government money towards their first home will have to open a Lifetime Isa instead.
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Tax take from biggest companies hits £85bn 24 Nov 2019, 12:52pm Tax take from biggest companies hits £85bn
The UK's biggest listed companies generated almost £85bn in taxes for the government last year, according to a survey that will be published this week amid vast pre-election spending commitments by the main political parties.
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Scottish Power plans major expansion of onshore windfarms 24 Nov 2019, 10:58am Scottish Power plans major expansion of onshore windfarms
Renewable energy giant says it expects Tories to reverse their block on onshore generation ScottishPower has begun plans for a major expansion of onshore windfarm projects across Scotland in anticipation of a government U-turn on support for wind power projects. The renewable energy arm of the big six power supplier has already considered almost 100 sites for a new generation of windfarm, using a smaller number of more powerful wind turbines to generate clean electricity. Most of the sites are in Scotland, but the company is also considering plots in Ireland.
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Petrofac accused of keeping fake accounts to disguise bribes 24 Nov 2019, 10:41am Petrofac accused of keeping fake accounts to disguise bribes
UK-based multinational energy firm is under investigation by Serious Fraud Office A multinational energy firm accused by prosecutors of maintaining a fake set of accounts to disguise the payment of bribes to foreign government officials has been identified by the Guardian as the UK-based company
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‘Not enough pork in the world’ to deal with China’s demand for meat 23 Nov 2019, 11:00am ‘Not enough pork in the world’ to deal with China’s demand for meat
With hundreds of millions of pigs dead from swine fever, exporters are scrambling to fill the gap. But prices are soaring The cost of living in China has outstripped the 3% government target for the first time in a decade, and a big part of the problem is the soaring price of pork, which is being driven up by a widespread outbreak of African swine fever (ASF). Pork is a big deal in China. The average Chinese person gets through about
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It’s Enrollment Time for Obamacare 22 Nov 2019, 9:55pm It’s Enrollment Time for Obamacare
Many people will find more choices and lower premiums, but it’s still “buyer, beware” on plans outside government marketplaces.
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Leading AARP, With No Plans to Retire 22 Nov 2019, 4:37pm Updated Leading AARP, With No Plans to Retire
After decades of government service, Jo Ann Jenkins could have stopped working and enjoyed her pension. Instead, she set about bringing AARP into the modern age.
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China’s Vaping Boom Alarms the Government 22 Nov 2019, 1:53pm China’s Vaping Boom Alarms the Government
For years, Chinese e-cigarette makers had free rein to operate without regard to consumer safety. But new rules are set to change that.
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Best investment funds over a decade of Tory government revealed 22 Nov 2019, 5:43am Best investment funds over a decade of Tory government revealed
The Conservatives have led for almost a decade in coalition, majority and minority government, from the pain of the financial crisis, to the Brexit vote and its aftermath. We reveal funds that did best.
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Christine Lagarde calls for government spending boost in first policy speech as ECB boss – business live 22 Nov 2019, 5:10am Updated Christine Lagarde calls for government spending boost in first policy speech as ECB boss – business live
Rolling news coverage of markets, economics and business as investors look to key eurozone economic data
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21 Nov 2019, 10:27am General election 2019: How do government finances work?
Political parties are promising to spend lots of money, but how will they fund their plans?
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Government borrowing hits five-year high amid election spending vows 21 Nov 2019, 8:25am Government borrowing hits five-year high amid election spending vows
UK ran £11.2bn deficit last month, with fastest rise in public spending in 15 years
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21 Nov 2019, 5:49am Updated Government borrowing in October highest since 2014
Borrowing climbed to £11.2bn last month, some 25% more than the same time last year.
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Free Internet Is Proposed in Britain. Is It Even Possible? 21 Nov 2019, 2:16am Updated Free Internet Is Proposed in Britain. Is It Even Possible?
A Labour Party plan to provide government-sponsored broadband service has raised questions about how it would work, and who would pay for it.
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Alibaba on track to raise £10bn in Hong Kong listing 20 Nov 2019, 10:08am Alibaba on track to raise £10bn in Hong Kong listing
E-commerce group plans to sell 500m shares in biggest offering across global markets this year The Chinese retail group Alibaba has kicked off this year’s biggest share sale, with a plan to raise up to HK$100 (£10bn) though a listing in Hong Kong. The sale will be viewed as a boost to Hong Kong after five months of violent anti-government protests and just weeks after it was confirmed that the territory had plunged into recession. Hong Kong’s economic activity was down more than 3% in the three months to September as a result of a downturn in exports and a collapse in consumer and tourist spending.
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UK poised to approve £4bn US takeover of defence firm Cobham 19 Nov 2019, 6:15am UK poised to approve £4bn US takeover of defence firm Cobham
Private equity group Advent to address security concerns raised by Andrea Leadsom The government is set to wave through the £4bn takeover of British defence company Cobham by Advent after the US private equity group offered to address national security concerns. The business secretary, Andrea Leadsom, on Tuesday announced that the government would consult on legally binding steps to be taken by Advent, adding she was “minded to accept” the undertakings – despite objections expressed to competition regulators by unnamed parties about the private equity firm’s potential short-term hunt for profits.
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Labour government under Corbyn would be worse for Britain than crashing out of EU without deal 18 Nov 2019, 5:27pm Updated Labour government under Corbyn would be worse for Britain than crashing out of EU without deal
Labour's plans to renationalise the UK's utilities companies and transport networks, seize private property and confiscate shares to hand to employees have unnerved industry bosses.
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Food giants plot price hikes as recycling costs soar 18 Nov 2019, 12:44pm Food giants plot price hikes as recycling costs soar
Britain's biggest food and drink producers are warning that consumers face having to pay more for popular brands because of the soaring cost of a government-led recycling scheme.
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British Steel has been paying auditor EY £1m a week since it collapsed 17 Nov 2019, 4:58pm British Steel has been paying auditor EY £1m a week since it collapsed
British Steel's restructuring specialists were appointed by the Official Receiver in May, with Government funding keeping British Steel going while a buyer is sought.
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Former Trump adviser warns UK government against imminent Chinese takeover of British Steel  17 Nov 2019, 5:23am Former Trump adviser warns UK government against imminent Chinese takeover of British Steel 
A former senior adviser to US President Donald Trump is warning the UK Government against allowing a Chinese industrial giant to take control of British Steel.
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Protests Incited by Gas Price Hike Grip Iran 17 Nov 2019, 12:28am Updated Protests Incited by Gas Price Hike Grip Iran
The unrest put renewed pressure on the government as it struggles to overcome U.S. sanctions.
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Protests Sparked by Gas Price Hike Grip Iran 16 Nov 2019, 8:46pm Protests Sparked by Gas Price Hike Grip Iran
The unrest put renewed pressure on the government as it struggles to overcome the U.S. sanctions.
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Protests Grip Iran Over Gas Prices Hike 16 Nov 2019, 1:55pm Updated Protests Grip Iran Over Gas Prices Hike
The protests put renewed pressure on Iran’s government as it struggles to overcome the U.S. sanctions.
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Jeremy Corbyn promises free broadband under Labour – video 15 Nov 2019, 7:36am Jeremy Corbyn promises free broadband under Labour – video
A Labour government would deliver free broadband as a 'universal public service' to every home and business in the UK, Corbyn pledged on Friday. Speaking in Lancaster, the opposition leader said internet access had gone from being a luxury to a necessity. Corbyn said the plan would be funded by 'fairly' taxing large firms such as Facebook and Google 
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15 Nov 2019, 5:44am Updated Hong Kong in first recession for a decade amid protests
Months of anti-government protests have taken their toll on the territory's economy.
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Hong Kong falls into recession: Blame falls on anti-government protests 15 Nov 2019, 4:34am Hong Kong falls into recession: Blame falls on anti-government protests
Hong Kong has fallen into recession, with the retail and tourism sectors among those worst hit by anti-government protests.
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14 Nov 2019, 7:33pm How the government raises money from you to pay for the services you use.
Steph McGovern explains how the government raises money from you to pay for the services you use.
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14 Nov 2019, 7:06pm Party plans would ‘boost minimum pay for millions’
The plans would double or treble the number whose wages are set by government, a think tank says.
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Victims of bank transfer scams risk being left unprotected 14 Nov 2019, 7:01pm Victims of bank transfer scams risk being left unprotected
Industry fails to agree on compensation plan after current scheme expires Bank transfer scam victims risk being left unprotected from January after the industry failed to agree a plan to compensate people. More than £1m a day is being lost to scams in which people are duped into authorising a payment to an account controlled by a criminal. The failure to agree a protection plan may make it more likely that the next government will step in.
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Housebuilding in England at 30-year high, government data show 14 Nov 2019, 10:12am Housebuilding in England at 30-year high, government data show
Figures show 241,130 homes were finished in 2018-19, with over 10% created through ‘change of use’ conversions The number of new homes created in England has hit its highest level in almost 30 years, official figures show, with more than 240,000 properties added to the country’s housing stock in 2018-19. Data from the Ministry of Housing, Communities and Local Government showed that 241,130 new homes had been completed. The total is more than at any time since the report began in 1991, and beats the previous record of 223,530 recorded before the financial crash in 2007-08 .
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Burberry and Cathay Pacific profits dented by Hong Kong protests 14 Nov 2019, 9:43am Burberry and Cathay Pacific profits dented by Hong Kong protests
Retailer and airline report disappointing figures as anti-government rallies take toll Two companies with substantial interests in Hong Kong have announced figures that underline the damage being inflicted on the local economy of the continuing
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The Tories’ narrow focus on policy costings distracts us from the real issues | Carys Roberts 14 Nov 2019, 9:01am The Tories’ narrow focus on policy costings distracts us from the real issues | Carys Roberts
Rather than concentrating on upfront costs, government must look at investment, industrial strategy and regulationThis week the election campaign has been squarely focused on public finances, with the Conservatives publishing a
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Norwegian wealth fund blacklists G4S shares over human rights concerns 14 Nov 2019, 4:43am Norwegian wealth fund blacklists G4S shares over human rights concerns
Sovereign wealth fund cites risk of company contributing to ill-treatment of migrant labour in Qatar and UAE Norway’s sovereign wealth fund has banned all holdings of shares in British security services company G4S because of the risk of human rights violations against its workforce in Qatar and the United Arab Emirates. Norway’s Council of Ethics, which monitors investments in the country’s Government Pension Fund Global (GPFG), said there was an “unacceptable risk of the company contributing to systematic human rights violations”.
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Does flood defence spending unfairly favour the South East? 12 Nov 2019, 10:25am Does flood defence spending unfairly favour the South East?
Is the government spending more on flood defences in London and the South East than in the North of England?
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Vodafone slumps to £1.6billion loss and may quit India 12 Nov 2019, 6:55am Updated Vodafone slumps to £1.6billion loss and may quit India
Vodafone lost a Supreme Court judgment which could leave it on the hook for £3.2billion and bosses said without an intervention by the country's government, it would be forced to leave.
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RUTH SUNDERLAND: Polyhalite unlikely to do for Whitby what North Sea oil did for Aberdeen 11 Nov 2019, 4:51pm RUTH SUNDERLAND: Polyhalite unlikely to do for Whitby what North Sea oil did for Aberdeen
A project like this was always going to be a big gamble. Potential backers might well ask a simple question: Why should they pile into a project that the Government has declined to support?
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British Steel to be sold to Chinese firm in deal that could save 4,000 jobs 11 Nov 2019, 9:20am British Steel to be sold to Chinese firm in deal that could save 4,000 jobs
Jingye Group agrees £50m buyout that could prevent closure of Scunthorpe plant British Steel is to be sold to Chinese firm Jingye, the government has announced, in a deal that could safeguard 4,000 jobs and prevent the closure of the company’s Scunthorpe site. Jingye and the government’s official receiver signed an agreement in principle on Monday. The buyout bid was worth about £50m, a person close to the deal said.
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RUTH SUNDERLAND: Bosses must stand up to Corbyn 10 Nov 2019, 5:11pm Updated RUTH SUNDERLAND: Bosses must stand up to Corbyn
Business leaders are utterly terrified of a Corbyn government. One chief executive of a household name retailer I met last week was visibly shaken at the prospect.
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Hunting for White Elephants in China’s Coal Country 10 Nov 2019, 5:00pm Hunting for White Elephants in China’s Coal Country
We came looking for signs of government overspending. We left with a police escort. These days in China, the economy is a sensitive subject.
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Coal mine boss warns of job losses amid indecision over new Newcastle mine 10 Nov 2019, 10:03am Coal mine boss warns of job losses amid indecision over new Newcastle mine
The boss of a North of England coal mining firm has warned that Government indecision over the approval of a new mine in Newcastle could cost up to 250 jobs.
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Pay revolt set to engulf Government contractor Kier as perks are laid bare 10 Nov 2019, 9:44am Pay revolt set to engulf Government contractor Kier as perks are laid bare
The schools and roads construction giant has admitted to covering its former chief executive's home broadband bill in a pay report that is set to trigger a shareholder revolt this week.
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HAMISH MCRAE: Why a splurge is on the cards and why this means a rate hike 10 Nov 2019, 9:30am Updated HAMISH MCRAE: Why a splurge is on the cards and why this means a rate hike
For among all the huge imponderables about the Election there is one sure-fire racing certainty: whoever forms the next Government, there's going to be a huge surge in public spending.
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Pay revolt set to engulf Government contractor as perks are laid bare 10 Nov 2019, 4:12am Pay revolt set to engulf Government contractor as perks are laid bare
The schools and roads construction giant has admitted to covering its former chief executive's home broadband bill in a pay report that is set to trigger a shareholder revolt this week.
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Who Owns H.I.V.-Prevention Drugs? The Taxpayers, U.S. Says 8 Nov 2019, 1:24pm Updated Who Owns H.I.V.-Prevention Drugs? The Taxpayers, U.S. Says
In an unexpected lawsuit, federal officials claim that Gilead Sciences willfully disregarded government patents on medicines necessary to end the AIDS epidemic.
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Questions raised over state-backed fund for electric car charging 8 Nov 2019, 9:28am Questions raised over state-backed fund for electric car charging
Labour criticises tender as firm running £400m investment fund awards millions to company it part-owns The private equity firm appointed by the government to manage as much as £400m in investment in electric car charging points has awarded millions of pounds to a company in which it holds a controlling financial interest. Zouk Capital is the largest shareholder in charge point builder Instavolt, having made an £18m investment in the company. Now Zouk has chosen Instavolt as the charge point fund’s first beneficiary, a decision criticised by the Labour party.
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Government drops Grenfell contractor in sudden U-turn 7 Nov 2019, 12:22pm Government drops Grenfell contractor in sudden U-turn
Housing secretary backtracks on allowing Rydon to bid for public contracts after outcry The government has told the main builder of the disastrous Grenfell Tower refurbishment to stop bidding for public contracts, in an abrupt U-turn just days after it sparked fury among survivors by naming the firm on a list of recommended contractors for high-rise housing. The housing secretary, Robert Jenrick, said late on Wednesday that Rydon should no longer bid for projects until the truth about what caused the loss of 72 lives was established.
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Zimbabwe’s Civil Servants in Unprecedented Strike for Better Wages 6 Nov 2019, 4:28pm Updated Zimbabwe’s Civil Servants in Unprecedented Strike for Better Wages
Government workers say their earnings are disappearing under skyrocketing inflation.
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China Gives Digital Currencies a Reprieve as Beijing Warms to Blockchain 6 Nov 2019, 2:08pm Updated China Gives Digital Currencies a Reprieve as Beijing Warms to Blockchain
Officials reversed a plan to outlaw the business as the government explores issuing its own e-currency.
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Zimbabwe’s Civil Servants Go on Strike for Better Wages 6 Nov 2019, 8:43am Zimbabwe’s Civil Servants Go on Strike for Better Wages
Government workers say their earnings are disappearing under skyrocketing inflation.
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UK betting firms commit to five pledges for safer gambling 6 Nov 2019, 1:00am UK betting firms commit to five pledges for safer gambling
Ten groups agree voluntary measures in attempt to avoid regulations being imposed The UK betting industry has devised five safer gambling commitments, as the embattled sector attempts to avoid having new regulations imposed on it by central government. The announcement comes in the same week that shares in UK gambling firms
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ALEX BRUMMER: Government needs to be careful about overseas takeovers of high tech 5 Nov 2019, 6:28pm ALEX BRUMMER: Government needs to be careful about overseas takeovers of high tech
There has been a great deal of letter writing going on in recent days. Much of this is posturing ahead of the election.
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Bristol becomes first UK city to ban diesel cars 5 Nov 2019, 2:02pm Bristol becomes first UK city to ban diesel cars
City council approves scheme in attempt to tackle illegal levels of air pollution Bristol has become the first UK city to ban diesel cars from its streets as part of action to tackle illegal levels of air pollution. The city council voted on Tuesday, following a public consultation, to impose a total ban on all privately owned diesel vehicles during the day in the city centre. The scheme, which still needs government approval, is due to start in 2021.
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Thomas Cook compensation fund to be set up by government 5 Nov 2019, 9:57am Thomas Cook compensation fund to be set up by government
The government is to establish a fund to cover compensation payments to Thomas Cook customers who suffered serious personal injury or illness while on holiday, after it emerged they were not insured.
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UK launches £315m new tech fund to help industry cut emissions 5 Nov 2019, 9:44am UK launches £315m new tech fund to help industry cut emissions
Government hopes scheme will help save £1bn a year on industrial energy bills The government has launched a £300m hunt to find new technologies that can shrink the carbon footprint of the most polluting factories to help meet the UK’s climate targets. The fund will offer £315m over the next five years to energy intensive companies, such as manufacturers, to invest in new technology which can reduce their energy use.
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No starter homes built under Tory 2015 election pledge 5 Nov 2019, 2:12am No starter homes built under Tory 2015 election pledge
The government has failed to deliver any of the starter homes promised four years ago under a £2.3bn funding commitment, according to a spending watchdog.
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Campaigners try again to stop Norway drilling for oil in Arctic 5 Nov 2019, 2:01am Campaigners try again to stop Norway drilling for oil in Arctic
Activists take government back to court, saying plans violate people’s environmental rights Climate campaigners are taking Norway’s government back to court to oppose its plans to open the Arctic for oil drilling despite a public commitment to tackle the environmental crisis. Greenpeace Nordic and Norway’s Nature and Youth organisation will appeal on Tuesday against the government’s decision to allow oil exploration in parts of the Arctic Ocean on the grounds that it violates people’s rights to a safe and healthy environment.
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5 Nov 2019, 12:06am Starter homes pledged by government in 2014, but none built, says watchdog
Government plans to build 200,000 affordable homes have come to nothing, the National Audit Office says.
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4 Nov 2019, 4:03pm Cuadrilla says it hopes to overturn fracking suspension
The energy company says it hopes to "address concerns" about fracking after a government moratorium.
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Cuadrilla vows new data to overturn UK fracking moratorium 4 Nov 2019, 1:56pm Cuadrilla vows new data to overturn UK fracking moratorium
Firm says it will work with Oil and Gas Authority to allay communities’ concerns The UK’s leading shale gas company hopes to overturn a government moratorium on fracking by proving that it can be safe despite triggering earthquakes. Cuadrilla has said it will provide the oil and gas regulator with new data to address the concerns of communities near active fracking sites so the suspension of its operations can be lifted.
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MPs berate Tories over failure to rein in corporate excess 4 Nov 2019, 10:23am MPs berate Tories over failure to rein in corporate excess
Andrea Leadsom also criticised for ‘extraordinary’ lack of engagement with Thomas Cook MPs have criticised the government for failing to follow through on plans to rein in corporate excess, in a report examining the failure of 178-year-old tour operator
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Warren Health Plan Tightens Democrats’ Embrace of Tax Increases 4 Nov 2019, 9:10am Updated Warren Health Plan Tightens Democrats’ Embrace of Tax Increases
A ‘Medicare for all’ proposal would push the boundaries of taxing corporations and the rich to fund expanded government programs.
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UK tourism industry set to struggle under post-Brexit immigration plans 4 Nov 2019, 7:38am UK tourism industry set to struggle under post-Brexit immigration plans
Industry experts say proposed skills- and salary-assessed system for workers will make it harder for tourism industry to recruit staff Concerns among UK tourism businesses are intensifying over post-Brexit immigration rules that seem likely to leave shortages in the workforce. The proposed new skills- and salary-assessed system will mean those in jobs the government categorises as low-skilled – including many frequently found in tourism – would be unlikely to qualify for a visa. Speaking at a European tourism association (ETOA) event, Louisa Cole of K&L Gates, who advises on UK immigration law, said the tourism industry may struggle to recruit enough staff post-Brexit. Currently, the low-skilled category includes travel agents, tour guides, bus conductors, holiday reps and reservations staff.
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3 Nov 2019, 11:54am Updated Benefits freeze to end in 2020, government confirms
The first rise in four years is the latest spending pledge made by ministers ahead of the general election.
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John McDonnell on NHS privatisation and Heathrow expansion under Labour – video 3 Nov 2019, 8:29am John McDonnell on NHS privatisation and Heathrow expansion under Labour – video
John McDonnell says a Labour government would eradicate all traces of privatisation from the health  service. Speaking ahead of the first full week of election campaigning, the shadow chancellor also says Labour could scrap the expansion of Heathrow because it does not meet the party's criteria on environmental, economic and social impacts
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Government under fire for approval of new coalmine in Cumbria 3 Nov 2019, 7:36am Government under fire for approval of new coalmine in Cumbria
Decision coincides with net-zero emissions review and is branded ‘backwards step’ A new coalmine in Cumbria has been given the green light by the government in the same week that the Treasury launched a review into how the UK can end its contribution to global heating. The developer, West Cumbria Mining, said the £165m mine would create 500 jobs.
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2 Nov 2019, 11:47am Updated Fracking halted after government pulls support
Drilling for shale gas will cease in England - but the government stops short of an outright ban.
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Fracking banned in UK as government makes major U-turn 1 Nov 2019, 8:01pm Fracking banned in UK as government makes major U-turn
Victory for green groups follows damning scientific study and criticism from spending watchdog The government has banned fracking with immediate effect in a watershed moment for environmentalists and community activists. Ministers also warned shale gas companies it would not support future fracking projects, in a crushing blow to companies that had been hoping to capitalise on one of the
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BT boss urges government to prioritize faster roll out of Full fibre broadband 31 Oct 2019, 9:10am BT boss urges government to prioritize faster roll out of Full fibre broadband
BT boss Philip Jansen has said the next government must put a full fibre broadband rollout near the top of its priority list.
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De La Rue shares slump after second profit warning 31 Oct 2019, 7:56am Updated De La Rue shares slump after second profit warning
The company, which suffered heavily from losing out on the Government's contract to make new blue UK passports, said profits will be 'significantly lower than market expectations'.
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Tesco and Co-op bosses join forces with plan to fix unfair system 30 Oct 2019, 6:30pm Updated Tesco and Co-op bosses join forces with plan to fix unfair system
Today we, Tesco and the Co-op, are calling on government to take urgent action to help our sector. Retailers support 3m jobs across the UK and invest in communities up and down the country.
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Scottish Power blames weather and price cap for 80% drop in profits 30 Oct 2019, 8:56am Scottish Power blames weather and price cap for 80% drop in profits
Energy supplier loses 165,000 customers but wind-based renewables business grows Scottish Power’s profits have slumped by almost 80% after the big six energy supplier lost about 165,000 customers in the past year. The supplier, owned by Spanish utility giant Iberdrola, blamed mild winter weather and the government’s energy price cap for the sharp drop in profits.
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Consultants claim Labour government under Jeremy Corbyn poses threat to Middle East trade 29 Oct 2019, 10:01pm Updated Consultants claim Labour government under Jeremy Corbyn poses threat to Middle East trade
Britain's biggest trading partners in the region, including the UAE, Saudi Arabia, Egypt and Israel, view Corbyn 'negatively' and 'with suspicion', a report by Cornerstone Global has said.
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U.S. Blames Drug Shortages on Low Prices and a ‘Broken Marketplace’ 29 Oct 2019, 7:23pm Updated U.S. Blames Drug Shortages on Low Prices and a ‘Broken Marketplace’
A government task force suggested that providers pay more for lifesaving generics and that drug makers receive quality ratings.
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OBR to publish borrowing forecasts despite scrapping of budget 29 Oct 2019, 12:14pm OBR to publish borrowing forecasts despite scrapping of budget
Move follows fears government would unveil pre-election tax cuts without scrutiny Fresh predictions for borrowing taking account of the sharp deterioration in the public finances since the spring will be published by the government’s
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29 Oct 2019, 8:58am Australia Proposes Face Scans for Watching Online Pornography
As a government agency seeks approval of a facial recognition system, it says one use for it could be verifying the age of people who want to view pornography online.
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Before Deadly Crashes, Boeing Pushed for Law That Undercut Oversight 28 Oct 2019, 10:13am Before Deadly Crashes, Boeing Pushed for Law That Undercut Oversight
The government has been handing over more responsibility to manufacturers for years. The new law makes it even harder for regulators to review Boeing’s work.
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Some parts of UK ageing twice as fast as others, new research finds 27 Oct 2019, 8:01pm Some parts of UK ageing twice as fast as others, new research finds
Study by thinktank Resolution Foundation warns divergence will have political and economic impacts Parts of the UK are ageing twice as fast as other areas of the country, while in some cities the population is getting younger, a divergence that will have a lasting impact on local economies, local government and national politics, according to new research.
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Ex-Royal Bank of Scotland boss to face court over claims bank ruined firms 27 Oct 2019, 5:49pm Ex-Royal Bank of Scotland boss to face court over claims bank ruined firms
Derek Sach will answer questions on claims that the Government pressured RBS to seize small businesses which had taken loans from the bank so it could sell their assets to boost profits.
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MPs call for end to freeze on State pension for half a million expats living outside of Europe 27 Oct 2019, 7:02am Updated MPs call for end to freeze on State pension for half a million expats living outside of Europe
More than 40 MPs are calling on the Government to overturn an enduring injustice affecting State pension payments to half a million UK nationals living overseas.
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Boeing Shaped a Law to Its Liking. Weeks Later, a 737 Max Crashed. 27 Oct 2019, 5:00am Updated Boeing Shaped a Law to Its Liking. Weeks Later, a 737 Max Crashed.
The government has been handing over more responsibility to manufacturers for years. The new law makes it even harder for regulators to review Boeing’s work.
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UK government under pressure to publish forecasts after budget scrapped 25 Oct 2019, 1:01pm UK government under pressure to publish forecasts after budget scrapped
Chancellor Sajid Javid accused of trying to hide worsening growth outlook and neglecting duty to publish OBR reports The UK government is coming under mounting pressure to publish economic forecasts after scrapping its plan to hold an early November budget, as
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Move to scrap UK budget fuels pressure to publish economic forecasts 25 Oct 2019, 11:57am Move to scrap UK budget fuels pressure to publish economic forecasts
Chancellor Sajid Javid accused of trying to hide worsening growth outlook and neglecting duty to publish OBR reports The UK government is coming under mounting pressure to publish economic forecasts after scrapping its plan to hold an early November budget, as
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Revealed: the plan to end gazumping in house sales 25 Oct 2019, 1:00am Revealed: the plan to end gazumping in house sales
Homebuyers and sellers could be required to sign £1,000 reservation agreements to make it harder to walk away Could this mean an end to the heartache and expense of a house sale falling through? A revolutionary new scheme that would require a homebuyer or seller who pulls out of a transaction without a very good reason to pay compensation is set to be trialled by the government early next year. Between a quarter and a third of all house sales fall through, resulting in huge amounts of stress and wasting hundreds of millions of pounds a year.
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Brussels allows UK to subsidise fossil fuel generators 24 Oct 2019, 12:14pm Brussels allows UK to subsidise fossil fuel generators
Controversial energy scheme had been halted by European court The UK’s largest fossil fuel generators may be back in line for almost £1bn in backup power subsidies this winter after the European commission approved the UK’s flagship energy scheme, which was ruled illegal last year. A shock European court ruling brought the government’s “capacity market” to a
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Labour unveils plans for carbon-neutral energy system by 2030s 23 Oct 2019, 5:30pm Labour unveils plans for carbon-neutral energy system by 2030s
Strategy includes 30 recommendations including insulation upgrades for every home in UK Labour will unveil plans to create a carbon-neutral energy system by the 2030s including insulation upgrades for every home in the UK and enough new solar panels to cover 22,000 football pitches. The party will set out its fast-track climate strategy on Thursday after adopting plans to work towards a net-zero carbon economy two decades ahead of the government’s legally binding 2050 target.
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