The export-heavy FTSE was weighed down partly by a recovery in the value of the pound earlier in the day.
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She said: “Following the outstanding show of strength from our members in the recent statutory industrial action ballot, where 95% of those voting backed striking, Glasgow’s teachers and associated professionals…
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Bank of England chief economist downplays fears over inflation surge
by News Roomby News RoomHuw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday prices longer term.
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Miliband vows to consider support for Acorn project to help Grangemouth workers
by News Roomby News RoomUK Energy Security and Net Zero Secretary Ed Miliband said he is ‘determined to have a future’ for the Grangemouth oil refinery.
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A new report on the impact of AI on work and society warns more government intervention is needed on the issue because of its likely ‘seismic’ impact.
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“And, even if shopper traffic recovery has finally turned a corner, the challenge for retailers will be solving the next conundrum; how they balance enhanced footfall – which requires optimised…
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Government ‘must draw out lessons from Thatcher-era coal pit closures’
by News Roomby News RoomIn his winding up speech, local government minister Jim McMahon referred to his own Oldham West, Chadderton and Royton seat in Greater Manchester and said: “We’re all very proud of…
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Tory MSP brands GB Energy a ‘sham’ as Holyrood passes consent motion
by News Roomby News RoomSarah Boyack said the comments from Douglas Lumsden were ‘utterly negative and inaccurate’.
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Bank of England cuts interest rates to 4.5% as it downgrades growth forecast
by News Roomby News RoomThe Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.
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UK construction activity contracts as ‘full impact’ of Budget sets in
by News Roomby News RoomAtul Kariya, head of real estate and construction at MHA, which is part of Baker Tilly International, said: “It is hardly surprising that construction PMI activity has fallen as the…