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Homes plan back-firing, say councils

Image copyright Getty Images Image caption The government wants to develop more offices into homes The scheme to tackle the housing crisis by converting offices to homes is back-firing and should be scrapped, local councils say. A change in the law in 2013 allows developers to convert offices to flats ...

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Modern day slaves

Image caption Peter now works re-stocking shelves in a Co-op store, having escaped from his captors There are at least 13,000 victims of modern slavery living in Britain’s towns and cities, it is estimated. But many argue that the number is probably much higher. Those who escape or are discovered ...

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Ukraine’s secret

Image copyright Getty Images Image caption More than 10,000 people have been killed in the continuing conflict in east Ukraine As war raged in eastern Ukraine in 2014, Yevhen Vovchuk told his bosses at the IT firm where he worked in Kyiv that he was going on vacation. Some probably ...

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Taxpayers owe private firms £199bn for PFI deals

Image copyright Barts Health NHS Trust Image caption A £1.1bn revamp of the Royal London Hospital was funded through PFI Taxpayers still owe private contractors £199bn for deals signed under the Private Finance Initiative (PFI), a spending watchdog says. The National Audit Office (NAO) found 716 public projects were active ...

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Are the days of loyalty cards numbered after Tesco’s change?

Image copyright Getty Images Image caption Tesco says the Clubcard change makes it “simpler” for customers As soon as Tesco said it was cutting some of its Clubcard rewards, customers started venting their anger. “Kick people while they’re down,” said one. Another called it a “blow” after saving up the ...

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Apple to pay $38bn on foreign cash pile

Image copyright Getty Images Image caption Apple chief executive Tim Cook at the iPhone X launch in November Apple will pay about $38bn in tax on the $250bn cash pile it holds outside the US following recent changes to American tax rules. The sum is expected to be the biggest ...

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Goldman posts first quarterly loss in six years

Image copyright Getty Images Image caption Goldman Sachs chief executive Lloyd Blankfein in Washington in 2012 US investment bank Goldman Sachs has posted its first quarterly loss in six years amid continued troubles in its trading business. The firm lost $1.9bn (£1.4bn) in the last three months of 2017, as ...

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Gender pay gap ‘widens as women get older’

Image copyright Getty Images Image caption The ONS found the gender pay gap was entirely in favour of men in every occupation. The difference between what men and women get paid widens as women get older, new research shows. The Office for National Statistics found pay differences were smaller at ...

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New nuclear plant at Sizewell ‘20% cheaper than Hinkley’

Image copyright EDF Image caption Sizewell C (light grey on right) would be built north to the existing Sizewell B plant EDF Energy has said it could build a new nuclear power station in Suffolk for significantly cheaper than the near £20bn Hinkley Point C site. Chief executive Simone Rossi ...

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Tesco announces grace period on Clubcard changes

Image copyright Getty Images Tesco is delaying a cut to its biggest Clubcard rewards after it faced a backlash from customers. The supermarket announced on Monday that the value of its reward vouchers was changing immediately, provoking an angry response on social media. It has now pushed back a drop ...

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GKN rejects £7.4bn hostile takeover bid

Image copyright GKN Engineering giant GKN has rejected a £7.4bn hostile takeover bid from Melrose Industries. Turnaround specialist Melrose said it believed it could “deliver significantly greater benefits” to GKN’s shareholders than GKN could on its own. Last week, GKN rebuffed an initial £7bn bid from Melrose because it “fundamentally ...

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Government reassures over supplier Interserve

Image copyright Getty Images Image caption Interserve runs employment workshops at HMP Berwyn in Wales The government has said it does not believe any of its major suppliers are in a similar position to Carillion. It commented after shares in the construction and services firm Interserve fell amid reports that ...

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