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UK Leading G20 Internet Economy

The internet contributes to 8.3% of the UK economy, a bigger share than for any of the other G20 major countries, a new study suggests. The “internet economy” was worth £121bn in 2010, more than £2,000 per person, researchers at … Continue reading

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UK Faces Biggest Drop In Income

UK consumers face another year of falling disposable incomes as higher fuel and commodity prices push up inflation. The Centre for Economics and Business Research warned on Monday that family incomes face a further squeeze, with the better-off facing the … Continue reading

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Tesco Planning To Create 20000 Jobs In The UK

LONDON — British supermarket giant Tesco on Monday said it would create 20,000 jobs by 2013, in a move aimed at turning around its fortunes and helping to tackle high youth unemployment. The world’s third-largest retailer after US-based Wal-Mart and … Continue reading

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UK Households Find Debts To Be An Increasing Burden

UK households will find it increasingly difficult to service their debts in the coming years, according to a report by debt charity, Consumer Credit Counselling Service (CCCS). According to the charity’s research, an average of more than 23 per cent … Continue reading

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British Gas Offering Customers With £50 Insulation Incentive

British Gas is offering £50 to people who refer the name of a vulnerable homeowner who needs home insulation. The referred homeowner will also receive £50. Both the referrer and the customer do not need to receive their energy from … Continue reading

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UK Inflation Rate Expected To Drop

The rate of inflation used by the Government is expected to drop to its lowest level in two years on Tuesday. The consumer price index (CPI) is forecast to have dropped to 3.5% for January, from 4.2% in December, because … Continue reading

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UK Energy Companies Give Away Free Gas To Get Customers Back

Britain’s largest energy companies are giving away millions of pounds worth of free gas to disgruntled customers who defect to rivals, prompting experts to question whether the firms’ profit margins are as low as they claim. Rising energy bills have … Continue reading

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Saving Money On Insurance

Insurance policies are one of the few things we buy in the hope of never having to use – but they’re costing more than ever.The average car insurance policy rose by 15% to £971 last year while home insurance cover … Continue reading

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Ordinary Families In The UK To Face Wage Squeeze Until 2020

Low to middle income earners will not see their disposable income approach pre-recession levels until 2020 at best, a report from think-tank the Resolution Foundation has warned. The Squeezed Britain study said households in this bracket, which typically bring in … Continue reading

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Economic Forecasters: UK Back In Recession

The UK is likely to have already fallen into recession as the eurozone crisis scuppers hopes of imminent recovery, two respected economic forecasters have warned. The Ernst & Young ITEM Club and the Centre for Economics and Business Research (CEBR) … Continue reading

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