Global markets rally after US cools trade war with China

Washington delays some planned tariffs on imports including electronicsFinancial markets around the world have rallied amid cooling tensions in the US-China trade war.Washington announced on Tuesday that it would delay the introduction of 10% tariffs o…

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UK wages rise at fastest rate for a decade despite Brexit risks

British workers’ pay rose 3.9% over last three months in sharp contrast to slowing economyBritish workers’ basic pay is growing at the fastest rate for more than a decade despite mounting risks to the economy as Brexit looms.In sharp contrast to the br…

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UK retailers demand business rate cuts to save high street stores

Marks & Spencer and other chains say tax changes needed to save jobs and communitiesMore than 50 major UK retailers, including Marks & Spencer, Harrods and Iceland, have demanded tax cuts from the government to safeguard the future of the high …

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Britons’ fear of unemployment spikes in last five years

ONS survey reveals increasing job insecurity as Brexit looms and risks of recession mountBritish households are more worried about losing their jobs than at any time in the past five and a half years, according to official figures, in a sign of the pre…

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Boost UK economy with higher wages and more days off – report

New Economics Foundation says putting money in workers’ pockets will raise productivityGiving workers more public holidays and raising their wages could boost the strength of the British economy, according to a report.The New Economics Foundation said …

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With Britain on the cusp of recession, ‘doomsters’ may be proven right

Brexit uncertainty has acted like a handbrake on business activity and dictating corporate cautionWhen Boris Johnson became prime minister he said the “doubters, doomsters, gloomsters” had got Britain wrong.After that first speech on the steps of Downi…

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Trump hints he is ready to dig in for long US-China trade war

Tweet in support of US farmers suggests dispute with Beijing could extend well into 2020Donald Trump has dropped the broadest possible hint that he is ready to dig in for the long term in the Washington’s trade war with China, after the latest escalati…

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