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Blow for Sunak as revised figures confirm UK went into recession last year

Blow for Sunak as revised figures confirm UK went into recession last year

Official figures have confirmed that the UK economy went into recession at the end of last year, after the latest estimate found it contracted in the last two quarters of 2023. In a blow to the government’s economic standing, the Office for National Statistics (ONS) said the economy, as measured by gross domestic product, shrank...

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Trump’s wealth surges by $5.5bn as Truth Social starts trading

Trump’s wealth surges by $5.5bn as Truth Social starts trading

Donald Trump has entered the ranks of the world’s 500 richest people after shares in his social media company surged on their Wall Street debut. Shares in Trump Media and Technology Group (TMTG), the entity behind Mr Trump’s Twitter rival Truth Social, rose by more than 50pc at one point after it arrived on the...

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Third of UK business owners don’t know company value

Third of UK business owners don’t know company value

New research suggests that four-in-ten entrepreneurs across Europe do not know the value of their company. The study by Marktlink found that that figure was better in the UK, but still saw one-third of enterprises hit the same blind-spot. The last two years have seen the European merger and acquisitions market fall off a proverbial...

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UK holds China state-affiliated organisations and individuals responsible for malicious cyber activity

UK holds China state-affiliated organisations and individuals responsible for malicious cyber activity

The United Kingdom, supported by allies globally, have today identified that Chinese state-affiliated organisations and individuals were responsible for 2 malicious cyber campaigns targeting democratic institutions and parliamentarians. Partners across the Indo-Pacific and Europe also express solidarity with the UK’s efforts to call out malicious cyber activities targeting democratic institutions and electoral processes. First, the...

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Too early to cut interest rates, says Federal Reserve

Too early to cut interest rates, says Federal Reserve

Thanks for joining me. Inflation fell more sharply than expected last month according to the Office for National Statistics. The consumer prices index fell to 3.4pc in February compared to 4pc in January and December. 5 things to start your day  1) Future of triple lock depends on public sector spending cuts, says Hunt |...

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CII UK India Business Forum relaunched in London

CII UK India Business Forum relaunched in London

Prime Minister Narendra Modi and United Kingdom PM Rishi Sunak. File. | Photo Credit: ANI Indian and British business leaders gathered in London on March 19 to relaunch the CII (Confederation of Indian Industry) UK India Business Forum (IBF) following a hiatus that began shortly after the onset of the COVID-19 pandemic. The launch comes...

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UK inflation falls to 3.4% in February as food price rises slow

UK inflation falls to 3.4% in February as food price rises slow

UK inflation fell to 3.4% in February – the lowest level for two and a half years – driven in part by a slowdown in the pace of food and restaurant price rises. The bigger-than-forecast decline in the consumer prices index (CPI) from 4% in January will give a boost to Rishi Sunak, who has...

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UK takes major step towards joining Indo-Pacific trade bloc

UK takes major step towards joining Indo-Pacific trade bloc

UK poised to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade group later this year as the Trade (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) Act receives Royal Assent  Business and Trade Secretary Kemi Badenoch signed the accession treaty for Indo-Pacific bloc last July following two years of negotiations  With the UK as...

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Mortgage News: Halifax Joins Ranks Of Major Lenders Raising Borrowing Costs

Mortgage News: Halifax Joins Ranks Of Major Lenders Raising Borrowing Costs

We have a suite of mortgage calculators to help you work out how repayments will affect your household finances, what you could save by remortgaging, and the beneficial impact of overpaying. You can also enter your details here to see what’s available on today’s market 24 April: Market Heads In ‘Higher For Longer’ Direction Britain’s...

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Report launched into UK’s IP-backed finance landscape

Report launched into UK’s IP-backed finance landscape

new report launched in London today finds UK meets right conditions to make IP-backed lending to SMEs viable the report – produced by the World Intellectual Property Organization (WIPO) – shows IP-backed lending is becoming more available to UK businesses UK Government announces a new working group led by the UK Intellectual Property Office (IPO)...

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British business increasingly backs Labour on innovation

British business increasingly backs Labour on innovation

More than three-quarters of UK businesses believe the Labour Party would have a positive impact on the country’s innovation, should it win the 2024 general election. With a new poll from Ayming also finding businesses are increasingly calling for state assistance when it comes to things like sustainable development. Since 2010, a Conservative-led government of...