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Government borrowing falls by more than a third in December
UK government borrowing was significantly lower last month, due to an increase in tax income outweighing spending, official figures show. In December government borrowing – the difference between public spending and tax income – was £11.6bn, the Office for National Statistics (ONS) said. It is down £7.1bn – 38% – from the previous December, and…
Jaguar Land Rover suppliers ‘face bankruptcy’ due to hack crisis
The past two weeks have been dreadful for Jaguar Land Rover (JLR), and the crisis at the car maker shows no sign of coming to an end. A cyber attack, which first came to light on 1 September, forced the manufacturer to shut down its computer systems and close production lines worldwide. Its factories in…
Waterstones would sell books written by AI, says chains boss
Felicity Hannah,Big Boss Interviewand Michael Sheils McNamee,Business reporter PA Waterstones would stock books created using artificial intelligence, the company’s boss has said, as long as they were clearly labelled, and if customers wanted them. However, James Daunt, a veteran of the bookselling industry, said he personally did not expect that to happen. “There’s a huge…
Pothole claims up 90% in three years, says RAC
Emer MoreauBusiness reporter Getty Images The number of pothole-related claims fell last year. Pothole compensation claims made to councils in Britain rose by 90% between 2021 and 2024, according to analysis by the RAC motoring group. The study also found that only a quarter of claims made by motorists in 2024 resulted in payouts. However,…
Why supermarket prices really became sky high in the UK
Faisal IslamEconomics editor BBC There has been more than a bitter twang in the glasses at British breakfast tables. Only five years ago, a typical supermarket own-label carton of orange juice could be bought for 76p for 1 litre. It now costs £1.79. That’s a rise of 134% since 2020, and it’s up 29% just…
