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Despite the delay in the petrol ban, companies are still compelled to sell more electric cars
Car firms will still face strict quotas for selling electric cars despite a delayed ban on petrol and diesel vehicles. Starting January, just over a fifth of vehicles must be electric, with the target of 80% by 2030. The UK government confirmed the policy will remain, and firms failing to meet quotas could face fines…
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The unexpected decrease in inflation is attributed to the slowing down of food prices
Inflation in the UK fell to 6.7% in August, its lowest level in a year and a half, due to slowing food prices. The cost of living reached its lowest level in a year and a half. The most affected items were milk, cheese, eggs, fish, and vegetables. Hotel and air fare costs also decreased,…
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Oil prices reached a 10-month high, causing a warning over fuel prices
Global oil prices reached their highest level in 10 months, with Brent crude reaching $95 a barrel. The RAC warns of rising fuel costs, with UK drivers now paying £1.55 per litre for petrol and £1.59 for diesel. Oil prices have risen by 10p per litre and 13p since August, following Russia’s invasion of Ukraine.…
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Every day, two pubs in England and Wales close their doors
According to official figures, two pubs per day have vanished in England and Wales in the first half of the year. According to statistics, 230 bars closed their doors in the three months leading up to June 30, an increase over the previous quarter when 153 pubs did the same. Between January and June, 383…
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United States General Motors employees go on strike
According to their union, more than 10,000 employees at three of the largest US automakers have begun a walkout. Three factories owned by General Motors (GM), Ford, and Stellantis have ceased operations.It happened following the Thursday night expiration of the work contracts. The United Autoworkers Union (UAW) claimed that the companies had not made reasonable…
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Tim Gurner apologises for his proposal for more unemployment in order to improve worker attitudes
One of Australia’s wealthiest billionaires has apologised for suggesting that unemployment rise to remind arrogant workers of their place. “We need to see pain in the economy,” Tim Gurner previously stated.However, Mr Gurner later stated that he “deeply” regretted his remarks, which provoked a global reaction. He previously made news when he claimed that young…
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The Range has acquired the Wilko brand
Following the failure of a rescue attempt for the entire company, The Range has reached an agreement to purchase the Wilko brand. According to the agreement, it will own Wilko’s website and may decide to stock and market a selection of its products. 36 Wilko employees, according to administrators, have moved to The Range, and…
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Early official estimates indicate that strikes and the summer washout may have contributed to the UK economy’s 0.5% contraction in July.
The Office for National Statistics (ONS) reported that the decrease, which was worse than many economists had anticipated, came after a gross domestic product (GDP) growth of 0.5% over the previous month that was not altered. Regarding the yo-yo performance, Darren Morgan, director of economic statistics at the ONS, stated: “Our initial estimate for July…
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Calling for Swift Insight: Suella Braverman Seeks Expert Counsel in Prohibiting American Bully XL
Home Secretary Suella Braverman urgently seeks advice on the prohibition of American bully XL dogs, emphasizing their “lethal” nature. This call for action comes in response to a distressing incident that occurred in Bordesley Green, Birmingham, where an 11-year-old girl was brutally attacked, as captured in a widely circulated video. Expressing her profound concern, Ms.…
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For the anniversary of the Queen’s passing, a coin with more than 6,000 diamonds and an estimated value of £18.5 million was released
On the first anniversary of her passing, a basketball-sized coin with more than 6,000 diamonds has been unveiled in her honour. The relic, known as “The Crown Coin,” was created by the East India Company of Mayfair to commemorate the late monarch’s “enduring legacy.” The pricey object, which is thought to be worth £18.5 million,…
