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Brexiteers' customs plan 'would cost firms £20bn'

The boss of HMRC has told MPs the post-Brexit customs option favoured by Brexiteers would cost businesses up to £20bn per year. Theresa May’s Brexit “war cabinet” is divided in its support for two different options for when the UK leaves the EU’s customs union. The prime minister has …

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Jobs at risk as Homebase heads for new owner

The future of Homebase, Britain’s second-biggest DIY chain, will be decided within days as its Australian owner nears the end of its cataclysmic foray into the UK retail sector, casting fresh doubt over thousands of jobs. Sky News has learnt that advisers to Wesfarmers, the Sydney-listed company, received final …

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Same old message from M&S – but room for optimism?

Another set of results from Marks & Spencer (M&S), almost inevitably, brings with it talk of ‘transformation’ or stepping up the ‘pace of change’ in the business. Luc Vandevelde, the former executive chairman, spoke at the half-year results in September 2000 about the need to “step up the pace …

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500 jobs at risk as supermarket closes Tesco Direct

Tesco is to close Tesco Direct, its non-food website. Tesco Direct sells a range of general merchandise, including technology, homeware, clothing and toys for delivery or collection. The supermarket giant has determined “there is no route to profitability for this small, loss-making part of the business”, according to a …

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