The economy

Food and drink boosts Scottish exports

Manufactured exports in Scotland grew by 0.8 per cent during the third quarter of 2012, boosted by strong growth in the food and drink sector, official data has shown.

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MPs question practicality of Chancellor's 'second Budget'

The Chancellor's Autumn Statement has increasingly taken on the importance of a second Budget, creating uncertainty for businesses and additional costs for the taxpayer, a Treasury Select Committee report has said.

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Digital industry pumps £800 million into Northern Ireland economy

The IT and telecoms industry contributes in excess of £800 million a year to Northern Ireland's economy - accounting for 1.4 per cent of its gross value - according to data from the UK Technology Insights 2012 report from e-skills UK.

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UK economy shrank at the end of 2012

The UK economy shrank by 0.3 per cent in the final quarter of 2012, preliminary data from the Office for National Statistics (ONS) has shown.

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Scotland one of four UK regions to see shopper numbers rise

Scotland was one of just four areas in the UK to see a rise in shopper numbers in December, according to data from the Scottish Retail Consortium (SRC).

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Inflation remains at 2.7 per cent

Inflation in the UK remained at 2.7 per cent in December 2012 following an unexpected rise in October, latest figures from the Office for National Statistics (ONS) show.

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No change to RPI calculation, says statistics office

Following a three-month consultation, the Office for National Statistics has announced that it will continue to produce and publish the retail prices index without changing the way it is calculated.

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Business groups look ahead to 2013

New Year messages from the Federation of Small Businesses (FSB) and the Confederation of British Industry (CBI) have warned of the challenges facing UK businesses in 2013.

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Small businesses display cautious optimism for 2013

Small businesses are more confident heading into the New Year than they were this time last year, research from the Federation of Small Businesses (FSB) has found.

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Scrap town centre parking charges, says business group

The Forum of Private Business (FPB) is urging local authorities across the UK to scrap town centre car parking charges in order to help struggling retailers.

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