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16 Mar
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UK avoids recession, but living standards plunge, taxes rise - OBR

Britain's economy is forecast to avoid a recession in 2023, but living standards are still set to record their biggest two-year fall in seven decades, while the tax burden also increases for millions of people, the Office for Budgetary Responsibility said on Wednesday.

15 Mar
FTSE 250 movers: Bank, oil stocks Suisse rolled

FTSE 250: 18,602. 02, -2. 76% at 1340 GMT.

15 Mar
Europe midday: Rout in bank stocks as SNB rules out Credit Suisse rescue

European shares turned to a sea of red by midday as Credit Suisse shares plunged after its major investor ruled out any further financial support and trade in other large Continental bank shares were suspended.

15 Mar
UK's Hunt abolishes lifetime pension allowance

UK Finance Minister Jeremy Hunt said he was abolishing the lifetime pensions allowance.

15 Mar
EZ industrial production rises 0.7% in January

Eurozone Industrial production increased by 0. 7% in January, better than the 0. 4% expected, according to data released on Wednesday.

15 Mar
Europe open: Shares lower despite US, Asia rally; Eyes on UK Budget

European shares fell at the open on Wednesday despite strong showings in the US and Asia overnight.

15 Mar
Chemring orders rise, holds guidance

UK defence company Chemring Group reported a rise in orders and said 90% of expected 2023 revenue was now covered as it held full-year guidance.

15 Mar
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UK govt u-turns to extend energy bill support scheme by 3 months

The UK government has bowed to pressure from campaigners and u-turned on plans to axe support for household energy bills as another price rise in April threatened to put some families into poverty.

15 Mar
Trainline sales surge as European routes open to competition

Online rail ticket seller Trainline said revenues surged 74% in its last fiscal year, driven by soaring international ticket sales as European routes opened up to competition, offsetting a UK performance hit by rail strikes.

15 Mar
Prudential FY profits rise as China Covid easing boosts sales

Insurer Prudential reported a better-than-expected rise in annual profit on the back of new insurance sales and said China’s relaxation of Covid restrictions had also provided a boost.