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UK government departments face deep budget cuts of more than £2bn even as Finance Minister Rishi-Sunak increases taxes to their highest peacetime level, a leading financial thinktank said on Tuesday.
Low-cost airline easyJet said it expected to post annual losses of more than £1bn due to the Covid pandemic, but added that it turned cash positive in the final quarter of the financial year driven as demand improved.
European stocks narrowed losses at midday on overcoming as weak US markets and news of China Evergrande missing a third bond payment hit sentiment.
European stocks headed back into negative territory at the opening on Tuesday as weak US markets and news of China Evergrande missing a third bond payment hit sentiment.
UK gambling firm Entain said third quarter revenue rose, with in-shop volumes improving as Covid lockdown measures were lifted.