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Business

Chancellor outlines Winter Economy Plan

As the country looks towards winter, Chancellor Rishi Sunak has today outlined government’s plan to protect jobs and support businesses over the coming months with a new Job Support Scheme and an extension of the Self Employment Income Support Scheme.

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Queen set to lose 300,000 of her subjects

The Queen is set to lose about 300,000 of her subjects— not to the dreaded coronavirus pandemic, but to the decision by the Caribbean island of Barbados to relinquish the crown and to become a republic next year.

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What does the Bank Rate do?

The Bank Rate is the rate at which a country’s central bank lends to commercial banks in that country. So it is the rate that other banks in that country use to decide their own lending and borrowing rates.

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BoE keeps rate at 0.1%

The Bank of England (BoE) is keeping the Bank Rate at 0.1 percent, in its effort to meet the two percent inflation target and to help sustain growth and employment at a time of extreme economic and financial impact from the COVID-19 pandemic.

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Top 7 food delivery companies

One industry that is doing well during the pandemic is takeaway delivery services, allowing people to treat themselves to a meal from their favourite restaurant without having to leave the safety of their homes. The increased demand has seen some of the players offer new services and innovation, including in-restaurant payment options and home delivery of groceries.

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UK secures trade deal with Japan

The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.

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UK economy grows by 6.6% in July

The UK economy continued on its trajectory of recovery in July —growing by some 6.6 percent according to a release from the Office for National Statistics (ONS). But it still has far to go before making up for all the GDP that has been lost since the coronavirus outbreak.

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Matt Haycox Daily

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