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17.12.25 - 01:12
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Government invests £120m to save UK′s last ethylene plant (The Guardian)
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Funding for billionaire Jim Ratcliffe's Ineos site in central belt of Scotland will help safeguard 500 jobs Jim Ratcliffe's chemicals company Ineos has been granted £120m of government funding to help save the UK's last ethylene plant at Grangemouth, in a deal expected to protect more than 500 jobs.The investment in the Scottish plant was necessary to preserve a vital part of the country's chemicals infrastructure, the UK government said. The ethylene produced there was essential for medical-grade plastics production, water treatment and in aerospace and car-building, it added. Continue reading......
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17.12.25 - 00:42
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UK insists tech deal with US isn′t dead as Trump threatens penalties against European tech firms (The Guardian)
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Keir Starmer's office claims UK still in 'active conversations' about deal for tech industries in both countries to cooperateDowning Street insists the $40bn Tech Prosperity Deal between the US and UK that is on hold is not permanently stalled. The BBC reported on Tuesday evening that the prime minister's office claimed that the UK remains in “active conversations with US counterparts at all levels of government” about the wide-ranging deal for the technology industries in both countries to cooperate.The agreement, previously billed as historic, was paused after the US accused the UK of failing to lower trade barriers, including a digital services tax on US tech companies and food safety rules that limit the export of some agricultural products. The New York Times first reported British confirmation that negotiations had stalled. Continue reading......
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16.12.25 - 16:06
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UK unemployment rose to four-year high of 5.1% before budget (The Guardian)
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October figure from ONS suggests employers laid off workers, as earnings growth excluding bonuses fellYoung people hit hard as UK unemployment marches upwardsBusiness live – latest updatesThe rate of UK unemployment rose to a four-year high of 5.1% in the three months to October, as the labour market showed signs of further weakening before last month's budget.The Office for National Statistics said the jobless rate was the highest since January 2021 – but with the pandemic era stripped out, it was the highest since early 2016. Continue reading......
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16.12.25 - 15:24
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UK Unemployment Rate Rises (AFX)
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LONDON (dpa-AFX) - The UK unemployment rate rose slightly in the three months to October, the Office for National Statistics said on Tuesday.The jobless rate climbed to 5.1 percent in the three mo......
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16.12.25 - 10:06
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Young people hit hard as UK unemployment marches upwards (The Guardian)
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Jobs market slowdown likely to become policy focus and will also have impact on interest rates decisionUK unemployment rose to four-year high of 5.1% before budgetBusiness live – latest updatesWhen Labour came to power, it set a “long-term ambition” of increasing the employment rate – the share of the working age population with a job – to 80%. The latest data suggest things are moving in the wrong direction.The employment rate in the three months to October was 74.9%, according to the Office for National Statistics (ONS), down 0.3 percentage points on the quarter. Continue reading......
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