Experts say £10,900 a year needed to retire

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A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, academics have estimated. That spending budget increases to £16,700 for a couple, the calculations...

UK economy grows after boost from camping holidays and meals out

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The UK economy grew by 0.4% in August as more people dined out, went on holiday and attended music festivals. The Office for National Statistics (ONS) said the services sector made the...

Barclays signals more branch closures are on the way as profits double

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Barclays has warned it may move to accelerate its transformation programme in the UK before the year’s end while reporting record group profits for the first nine months of 2021. It revealed...

Bezos-backed British logistics start-up Beacon lands GBP37m funding boost

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A British logistics start-up backed by the Amazon founder Jeff Bezos and other titans of the technology world is raising tens of millions of pounds to help it satisfy booming demand...

Inflation steady at 3.1% ahead of predicted surge in the cost of living

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The rate of inflation crept down slightly to an annual rate of 3.1% in September, according to official figures which are tipped to surge ahead in the months ahead and force...

Uber facing new UK driver claims of racial discrimination

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Uber is facing further claims for compensation over racial discrimination from drivers who say they had been falsely dismissed because of malfunctioning face recognition technology. The claims have emerged after Uber introduced...

Are we a nation of tax procrastinators?

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New data revealed today has revealed that only a third of tax returns are filed by mid-October, even though individuals have already had eight and a half months to complete their...

Yodel offers delivery drivers GBP16 an hour to avert strike by GMB union

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The GMB union has praised Yodel for "doing the right thing" after the parcel delivery firm offered LGV drivers a pay rise to GBP16 an hour. The offer followed difficult negotiations two...

Car exports slump with production at 1950s levels

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Export demand for British-made cars has collapsed as UK factory output slumped again in recent weeks. Despite lockdowns ending, latest figures show that little more than 1,000 cars a day have been...

Britons face higher taxes to pay for government’s eco pledges

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Britons face new taxes or reduced public spending to pay for the country’s rapid transition to net zero, the Treasury warned yesterday, as splits emerged at the top of government over...