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Latest Business News

UK interest rates remain at 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 18th consecutive month.

Welfare bill 'to be cut by £4bn'
The government is planning to reduce the annual welfare bill by a further £4bn, Chancellor George Osborne tells the BBC.

Spending cuts 'to hit north harder'
Industrial areas in the North East and Midlands are least resilient to economic shocks, BBC-commissioned research suggests.

Global economy slowing, says OECD
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, an economic group says.

Record goods trade deficit for UK
The UK's goods trade deficit widened to a record high in July after imports rose sharply and exports fell from the previous month.