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Autumn statement: George Osborne reveals benefits cut
George Osborne unveils a real-terms cut in working age benefits in his autumn statement in a bid to boost the UK’s struggling economy.
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Austerity era ‘could last until 2018’
Respected think tank the Institute for Fiscal Studies warns the current period of austerity could last for a further six years as the chancellor is forced to extend cuts into the next parliament.
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OFT clamps down on payday lenders
The OFT launches investigations into several payday lenders over “aggressive debt collection practices” and warns others they risk enforcement action if standards do not improve.
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‘Long and winding’ UK recovery, warns Mervyn King
The Bank of England governor unveils new forecasts which show both weaker economic growth and higher inflation compared to previous predictions from the bank.
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Osborne denies targeting the poor with welfare cuts
Ahead of his Conservative Party conference speech outlining how the government intends to axe £10bn from the welfare budget, the chancellor says the wealthy will bear the “broadest burden”.
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Study: workers £1,600 worse off than in 2009
Workers are £1,600 worse off on average than three years ago because the “dire” state of the economy has pushed down wages, according to a TUC study.
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What’s on Sir Mervyn’s mind?
When Jon Snow interviewed Sir Mervyn King last night words like “banks” “economy” and “money” were unsurprisingly regularly used – but what else was on the Governor’s mind?
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Store wars as Indians strike over economic reforms
Businesses, schools and transport links are shut down across India, as protesters stage a one-day strike over sweeping economic reforms allowing foreign supermarkets to move in.
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Cable outlines plans for British business bank
Business Secretary Vince Cable announces plans for a business bank to increase lending to businesses, but shadow Chancellor Ed Balls says it is time for an alternative economic plan to boost growth.
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Osborne rejects Clegg’s wealth tax plan
Chancellor George Osborne knocks back a suggestion from Liberal Democrat leader Nick Clegg that the country’s wealthiest should be contributing more to the UK’s fiscal turn-around.
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UK recession less bad than feared, but still grim
The UK economy shrank by less than previously thought between April and June, official figures show, helped by revised construction output figures.
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Shock rise in borrowing threatens austerity plans
Chancellor George Osborne’s deficit reduction programme comes under further pressure after an unexpected rise in government borrowing in July.
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Inflation shock as train fares set to soar
Hard-hit rail commuters face a greater-than-expected 6.2 per cent hike in average fares in the new year after official figures revealed a shock rise in the inflation rate.
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Children ‘loaning money to their parents’
Children as young as eight loan their pocket money to their cash-strapped parents, a study reveals.
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Can one business showcase bring in £1bn to UK plc?
As UK politicians wine and dine a gold-plated guest list from the world of business at a pre-Olympic trade summit, Channel 4 News asks how likely it is to boost the British economy by £1bn.