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Estate agents have lowest stock of homes for 40 years

The UK housing market is in a state of lethargy, according to property surveyors, with estate agents reporting the lowest stock of properties for nearly 40 years.Members of the Royal Institution of Chartered Surveyors (Rics) said the market might continue “flatlining” for a while.New instructions in June fell for …

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Brexit response compared to a chocolate orange

Britain’s response to Brexit risks falling apart like a “chocolate orange” at the first tap, the head of the public spending watchdog has said. In unusually strong comments, Sir Amyas Morse said ministers were not delivering a united front when it comes to dealing with the challenges of leaving …

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Mike Ashley snaps up 25% Game Digital stake

The billionaire tycoon Mike Ashley has added a 25% stake in the video games retailer Game Digital ‎to a high street shopping list that also includes Debenhams and French Connection. Sky News has learnt that Sports Direct International, the chain controlled by Mr Ashley, is understood to have bought …

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Janet Yellen testimony: Six takeaways

Federal Reserve Chair Janet Yellen spoke about US policies and economic outlook in Washington on Wednesday.Markets were watching closely for her statements about interest rates, which she predicted would rise but remain low relative to historic levels.Prompted by lawmakers, she also spoke on a range of topics, including inequality …

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Nicky Morgan to lead Treasury committee

Former education secretary Nicky Morgan has been elected as chairwoman of the influential Treasury select committee.Ms Morgan saw off five other Tory MPs to land the coveted role scrutinising the government’s finances.Other committee election results, which were announced by Speaker John Bercow, include Tom Tugendhat ousting fellow Tory Crispin …

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Brazil's ex-President Lula convicted of corruption

Former Brazilian President Luiz Inacio Lula da Silva has been convicted of corruption charges and sentenced to nine and a half years in prison.The judge ruled he could remain free pending an appeal.Lula has rejected claims that he received an apartment as a bribe in a corruption scandal linked …

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Clegg: Austerity roll back tougher after Brexit

Brexit will make it even tougher for the Government to roll back on its austerity programme, Nick Clegg has told Sky News. The former deputy prime minister said Boris Johnson and Michael Gove were partly responsible for the squeeze facing families around the country, accusing the pair of shedding …

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