The economy

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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Autumn Statement 2012: key announcements summarised

Chancellor George Osborne has delivered his 2012 Autumn Statement to the House of Commons. Here's a quick round-up of the key announcements, with more in-depth analysis to follow.

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Autumn Statement 2012: business groups want measures for growth

Chancellor George Osborne will make his Autumn Statement at 12:30 today, outlining the Government's plans for the economy based on the latest forecasts from the Office for Budget Responsibility. We take a look at the measures that leading business groups have been calling for.

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Business groups set out Autumn Statement proposals

Business rates and the tax-free pension allowance should be frozen in 2013, according to business groups who have been voicing their priorities ahead of Chancellor Osborne's Autumn Statement tomorrow.

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Energy Bill maps out route to a low-carbon economy

A framework to kick-start the UK's move towards becoming a low-carbon economy has been unveiled by energy minister Ed Davey.

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Eurogroup agrees fresh bailout deal for Greece

A new round of bailout loans for Greece, to the tune of €44 billion, has been agreed by Eurozone finance ministers and the International Monetary Fund (IMF).

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Hidden debts of closed businesses costing UK economy £4.7 billion a year

Businesses choosing to close down voluntarily without going through the official insolvency process are costing the UK economy an average of £4.7 billion every year, research from Experian has found.

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Unemployment falls by 49,000

The number of Britons in work jumped to 29.58 per cent of the population in the three months to September, taking employment to highs not seen since the recession, figures from the Office for National Statistics (ONS) show.

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Northern Ireland: £200m worth of initiatives announced

A range of measures designed to create and sustain employment opportunities in the local jobs market has been launched by the Northern Ireland Executive.

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