The economy

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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Autumn Statement lacks bank funding details, say business groups

Business groups have welcomed measures contained in the Autumn Statement to support UK firms but want clearer details and timescales on the creation of a state backed Business Bank.

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Autumn Statement 2012: economic growth forecast downgraded

The UK economy is faring worse than expected and is likely to shrink by 0.1 per cent in 2012, according to the latest figures from the Office for Budget Responsibility (OBR).

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Autumn Statement 2012: initial reactions

This year's Autumn Statement aims to put the British economy back on the road to recovery, according to Chancellor George Osborne. But do businesses agree? We take a look at how some of the UK's leading business groups have reacted to the Chancellor's announcements.

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