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UK Economy News

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Tough Times Ahead For UK Supermarkets

2015 will be a very tough year for supermarkets, according to Asdaâ??s chief executive, Andy Clarke.

Access To Work Scheme Not Reaching All Disabled People

Some MPs have claimed that large numbers of disabled people are missing out on government support to help them into work.

Black Friday Helps Retail Sales Rise

Black Friday has caused UK retail sales to rise at their fastest annual rate for more than 10 years in November, official figures have shown.

Cap On Benefits Pushes More People Into Work

New research from the Department for Work and Pensions has claimed that a cap on benefits is providing an incentive for people to get back into work.

Co-op Fails Bank Of England €Stress Test”

The Co-op bank has failed a stress test conducted by the Bank of England (BoE). HSBC, Barclays, Santander, Standard Chartered and Nationwide all passed and Lloyds Banking Group and Royal Bank of Scotland were found to be at risk in the event of a "severe economic downturn".

Opening Hours This Christmas At

Over the next couple of weeks our opening hours are set to change. If for any reason you still need to get in touch with us over the Christmas break,you can still ask us a question online, call us and leave a message or send us an email.

Zero-hour Employees Earn £300 Less Than Permanent

People on zero hour contracts in their place of employment end up earning £300 less per week than permanent employees, a new report has shown.

BoE Believes Mortgage Owners Could Cope With A 2.5% Rate Rise

The Bank of England (BoE) believe the majority of people with mortgages could cope with a rise in interest rates, as long as wages rise alongside it.

Tesco Shares Lose Another 15pc As Profit Warning Is Issued

Shares in Tesco have fallen by another 15 per cent as the company issues its third profit warning in a matter of months. However, new CEO Dave Lewis has defended the financial state of the company, saying current investments are impacting short-term profits with a view to securing long-term stability.

Changes Needed To Use Of Personal Data, Says Government

A government taskforce has called for a change in the way companies trade customers personal data, as they believe it is currently "out of control".

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