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Rachel Reeves unveils plan to cut red tape for business
Chancellor Rachel Reeves has said she plans to scrap “needless form filling” in a bid to boost business growth. Speaking at a regional investment summit in Birmingham, the chancellor said the reforms would boost growth and “make the UK a top destination for global capital”. Ahead of the Budget next month, Reeves acknowledged that “for…
US economy grows at fastest pace in two years
Natalie ShermanBusiness reporter Bloomberg via Getty Images The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased. The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected, and marked the strongest growth in…
Penguin and Club bars can no longer be described as chocolate
McVitie’s Penguin and Club bars are no longer classed as chocolate after rising cocoa prices led the makers to switch to using other ingredients. Club bars had previously been marketed under the slogan: “If you like a lot of chocolate on your biscuit, join our club”. But both treats are now described as “chocolate flavour”…
UK retail spending rose at lowest pace for 7 months in December
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK retail spending rose at the lowest pace for seven months in December and below the rate of inflation, pointing to a “drab” Christmas period for retailers as consumers continued to feel the impact of…
