Aldi becomes Britain’s fourth largest supermarket

Image source, Getty Images Aldi has overtaken Morrisons to become the fourth largest UK supermarket for the first time, according to data from research firm Kantar. Discounters are grabbing more market share as shoppers take steps to manage their budgets, Kantar said. Food prices are rising quickly, and are helping to push up prices generally,…

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Unemployment at lowest rate since 1974

By Noor NanjiBusiness reporter, BBC News Image source, Getty Images The UK’s unemployment rate fell to its lowest level since 1974 in the three months to July, latest official figures show. The jobless rate fell to 3.6% over the period, according to the Office for National Statistics (ONS). However, the squeeze on pay remains, with…

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Domestic energy customers will hear soon about their tariff

By Kevin PeacheyPersonal finance correspondent, BBC News Image source, Getty Images Energy companies will start to contact domestic customers within days about new energy tariffs – including information for those on fixed deals. The government has said that many people on fixed deals will receive a discount equivalent to the support given to those on…

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UK economy grows in July but misses forecasts

Image source, Getty Images The UK economy grew by 0.2% in July, according to official data, following a sharp drop in the previous month. The Office for National Statistics said the services sector was the biggest contributor to growth, helped by the UK hosting the Women’s Euro Championship. However, while the economy expanded in July,…

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Japan could lift cap on foreign tourists to lift economy

By Monica MillerBBC News, Singapore Image source, Getty ImagesImage caption, Japan is considering scrapping cap on foreign visitors to boost weak yen Japanese officials may further relax border controls for foreign travellers as a way to boost its economy, local reports say. Deputy Chief Cabinet Secretary Seiji Kihara told local TV a weak yen was…

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