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...Gross domestic product rose 0.2 per cent between December last year and January, driven by a 0.2 per cent expansion in the services sector, the Office for National Statistics said on Wednesday....
...The IMF suggested that inflation is on track to continue falling in the UK, forecasting inflation will drop from 7.3 per cent last year to 2.5 per cent in 2024 and 2 per cent next year — the BoE’s target...
...Italy’s economy expanded 0.2 per cent in the fourth quarter, providing a badly needed boost to the eurozone after German gross domestic product shrank 0.3 per cent in the same period....
...This was in line with analysts’ expectations and down from January’s 0.3 per cent monthly growth....
...The company said on Monday it had begun work to extract lithium from underground brines in the southern US state of Arkansas, where it has acquired the rights to 120,000 acres of land in the Smackover formation...
...Friday’s rise in GDP was in line with analysts’ expectations and followed 0.3 per cent monthly growth in January — which itself was upwardly revised from a preliminary figure of 0.2 per cent on Friday....
...Gross domestic product rose just 0.2 per cent from the prior quarter, the Australian Bureau of Statistics said. Analysts polled by Reuters had expected an increase of 0.4 per cent....
...But he added: “We can now help families not just with temporary cost of living support but with permanent cuts in taxation....
...In a trading update on Monday, the company said permanent recruitment had been more difficult than the temporary jobs market, as employers looked for flexibility....
...Sales in petrol stations were up 3.2 per cent in March, household goods stores reported a 2.4 per cent expansion and sales at clothing stores rose 0.5 per cent....
...in Ohio as a true “toss-up”....
...He added that Ohio would be “must win” for the Democrats if they want to retain control of the Senate, given the few opportunities for the party to pick up additional seats in the upper chamber of Congress...
...Chancellor Jeremy Hunt is expected to announce that the temporary £9bn a year tax break for business investment will become permanent....
...They are sceptical of arguments they hear that “Trump 2.0” need not be too disruptive....
...Jeremy Hunt announced that temporary higher rates of tax relief for orchestras, museums, galleries and theatres would be made permanent....
...Israel-Hamas war: US secretary of state Antony Blinken returns to the Middle East to push for a deal to secure a temporary pause in fighting and the release of hostages held by Hamas....
...The federal statistics office, Destatis, said gross domestic product was still above pre-pandemic levels, after last year’s contraction followed two years of rebounding output and left it 0.7 per cent up...
...And last week, the Commerce Department reported that the personal consumption expenditures price index — the measure of inflation the Fed uses for its target — accelerated at a pace of 2.5 per cent in February...
...The changes were first introduced in August 2023 but with an “easement” which meant that all wines between 11.5 per cent and 14.5 per cent alcohol by volume attracted a flat tax of £2.67 a bottle....
...Born in London and now based in Nottingham, Amy Acre is a poet, writer and editor of the award-winning publisher, Bad Betty Press....
...Now under new ownership, the 83-acre plot of barren land in West Lothian is, on the surface, one of three Scottish housebuilding opportunities being advertised by Alba Group, led by Dubai-based estate agent...
...The latest quarterly so-called dot plot showed most officials expect rates to be in the range of 4.4 per cent to 4.9 per cent by the end of 2024....
...My paternal grandfather was a butcher — not a “victualler” — in the 1960s and early 1970s in Bundoran, County Donegal (population circa 2,000). He eschewed what he called a “sanitised label”....
...Food inflation slowed to 4 per cent in March from 5 per cent in February, well below the 45-year peak of 19.2 per cent in March 2023....
...In 2023, the economy largely stagnated as it grew only 0.1 per cent. This was well below the 2.5 per cent expansion registered in the US, and weaker than the 0.5 per cent growth of the eurozone....
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