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Wonga under fire from OFT

The OFT has threatened Wonga with fines for repeated malpractice surrounding its debt collection antics.

Trade deficit narrows as British firms expand abroad

The UK's trade deficit narrowed to £2.7bn in March, proving that British firms are upping their export game. This morning alone, Wonga, Global Energy Group and Paul Smith have announced international expansion.

Royal Mail to flog half its London HQ

Following news that Royal Mail will be privatised, the mail monolith plans to package half of its historic Mount Pleasant sorting office for a big sale.

UK sinks back into recession

GDP shrunk 0.2% over the first quarter of 2012. The dreaded double dip is here, says the ONS.

Only UK plc can save the economy, says ITEM Club

The UK economy will remain in stasis till 2013, says Ernst & Young's ITEM Club, unless cash-rich corporates start spending.

Royal Mail rations stamps

Royal Mail's price rises have sparked a run on stamps. Is small business leading the charge?

ONS drops manufacturing bomb

Shock! Horror! UK manufacturing output fell 1% in February, says the Office for National Statistics. And after all the positive PMI puff too...

It's official: Britain has escaped recession

The UK services sector has perked up even further in March, rounding off the strongest quarter for a year.

UK economy sprouting, says BCC

Economic growth for the first quarter of 2012 will be about 0.3% reckons the British Chambers of Commerce. An improvement, yes, but frustratingly slight.

UK service sector up 0.2% in January

It's better than a contraction, but not much. According to this morning's data from the ONS, the UK services sector grew a minute 0.2% in January.

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