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    Home»World News

    UK economy returns to growth after interest rate cut drives retail spending

    Team_NewsStudyBy Team_NewsStudyOctober 11, 2024 World News No Comments1 Min Read
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    “In August accountancy, retail and plenty of producers had robust months, whereas building alsorecovered from July’s contraction. These had been partially offset by falls inwholesaling and oil extraction.” 

    Chancellor of the Exchequer, Rachel Reeves, who is preparing her first Budget on 30 October, stated: “It is welcome information that development has returned to the financial system. Rising the financial system is the primary precedence of this Authorities so we will repair the NHS, rebuild Britain, and make working individuals higher off.
    “Whereas change won’t occur in a single day, we aren’t losing any time on delivering on the promise of change.
    Subsequent week lots of of the world’s largest companies will come to Britain as
    the we ship on our promise to convey funding, development, and jobs again to
    each a part of the nation.”



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