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UK trade deficit fell in June

The UK's trade deficit shrank to £1.5 billion in June from £2.6 billion in May - its lowest level this year, data from the Office for National Statistics (ONS) has shown.

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Carney sets out new BoE monetary regime

The Bank of England will keep interest rates at the current level of 0.5 per cent at least until UK unemployment falls below seven per cent, the Bank of England's governor Mark Carney has said.

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Economy on the mend as GDP grows 0.6 per cent

The UK economy grew by 0.6 per cent in the second quarter of 2013, according to preliminary data from the Office for National Statistics (ONS), prompting Chancellor George Osborne to say the economy is 'on the mend'.

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Worldwide campaign to promote 2014 Glasgow Games

Tourism organisation VisitScotland has begun a £2.5 million worldwide campaign to promote the Glasgow 2014 Commonwealth Games.

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UK digital economy larger than previously thought

The UK's digital economy is 40 per cent larger than Government statistics suggest, according to a report by the National Institute of Economic and Social Research (NIESR).

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Hot weather helps business boom

Continuing hot weather throughout the UK is boosting business trade, according to the Federation of Small Businesses (FSB).

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Inflation rises to 2.9 per cent in June

UK inflation, as measured on the consumer prices index (CPI), rose to 2.9 per cent in June, up from 2.7 per cent in May, data from the Office for National Statistics (ONS) has shown.

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Local SMEs boost local economy, says report

A significantly larger proportion of the money spent by local authorities with small businesses is re-invested back into the local economy, extensive research by the Federation of Small Businesses (FSB) has found.

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Interest rate and QE programme left unchanged

In its first meeting under the leadership of new governor Mark Carney, the Bank of England's Monetary Policy Committee has voted to keep the base rate of interest at 0.5 per cent and the quantitative easing programme at £375 billion.

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Unemployment falls while wages increase

Unemployment in the UK fell by 5,000 people in the three months to January 2013, latest data from the Office for National Statistics (ONS) has shown.

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