Fracking Water Warning As Tax Break Announced

UK water companies have warned shale gas 'fracking' should not be allowed to compromise public health as the Chancellor unveiled plans for a "generous" tax relief regime for the industry. Water UK policy and business adviser Dr Jim Marshall said public...

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OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

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Mothercare Mulls Sale Of Early Learning Centre

By Mark Kleinman, City Editor Mothercare is considering the sale of its loss-making Early Learning Centre (ELC) chain as it bids to meet a target of restoring its UK operations to profitability by 2015. Sky News has learnt that Mothercare has been...

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Petrol Prices Set To Soar By 5p Over Summer

Petrol pump prices could soar 5p a litre - burning a hole in the pockets of holiday motorists, the AA has warned. A surge in the wholesale cost of petrol across Europe has already led to a rise in UK petrol and diesel prices, with more misery possibly...

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Vodafone Hit By Declines Across Europe

Mobile phone giant Vodafone has seen its quarterly revenue decline across key markets in Europe and the UK. Total group service revenue for the first quarter, ending June 30, was down 3.5% at £10.15bn. Vodafone said conditions in Europe remain "challenging",...

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2012 Olympics Have Given UK A £10bn Boost

By Paul Kelso, Sports Correspondent The UK economy has received a massive trade and investment boost from the London Olympic and Paralympic Games, according to a new report. It is the result of firms securing new contracts (£1.5bn), additional...

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Barclays Fined For Rigging US Energy Market

Barclays and four of its traders have been fined a total of $488m (£322m) for manipulating the energy markets in the United States. Regulators said the energy market-rigging in western states took place between November 2006 and December 2008. Barclays...

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Jobless Fall Of 57,000 In Three Months To May

The number of those unemployed fell by 57,000 in the three months to the end of May, official figures have revealed. The total jobless count sat at 2.51 million people in the quarter, according to the Office for National Statistics (ONS). Meanwhile,...

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Heathrow: New Location For Third Runway?

Bosses of London's Heathrow airport are expected to reveal the new proposed location for a third runway today. In pressing for a third runway at Heathrow, the airport's chiefs will explain why they think additional capacity at the UK's biggest airport...

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Horsemeat: MPs Criticise 'Slow' Investigation

MPs have condemned the "slow pace" of an investigation into the horsemeat crisis in the UK as no one has been prosecuted six months after the scandal erupted. Horsemeat contamination was first revealed in January by officials in the Irish Republic and...

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Fuel Blamed For Inflation Rise In June

Inflation surged to a 14-month high in June as rising prices at the fuel pumps and shallower discounting by fashion retailers intensified pressure on households. The Consumer Prices Index (CPI) inflation rose to 2.9% last month, from 2.7% in May, the...

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Energy Bills 'To Increase By £240 By 2020'

British consumers are forecast to pay £240 more for their annual energy bills within seven years, according to a utility firm report. RWE npower predicted the average yearly bill - for all energy customers, not just its own - will rise from £1,247 to...

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Welfare Cap Of £500-A-Week Comes Into Force

How The Benefit Changes Work Updated: 8:36am UK, Monday 15 July 2013 The coalition is pushing through radical changes to the welfare system in a bid to slash the benefits bill and make it pay to work. Here is a full breakdown: Benefit cap :: A cap...

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Company Directors 'To Face New Scrutiny'

Fraudulent or negligent directors could be forced to compensate creditors, under new plans expected to be outlined by the Business Secretary. Vince Cable will announce proposals to boost transparency and trust in British business in a speech to the...

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China Sees Growth Slow In Second Quarter

By Mark Stone, Asia Correspondent China's economy slowed in the second quarter of 2013 to 7.5% according to data released by the Chinese government. The first quarter of 2013 saw economic growth at a level of 7.7%. The latest figure means growth...

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