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Brexit transition period 'should end by 2021'

Britain’s Brexit transition period should last until the end of 2020, the EU’s chief negotiator has said. The European Commission has approved guidelines covering Brussels’ position on the transition, which have been drawn up by Michel Barnier. These would see Britain observe the bloc’s rules and regulations following the …

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Tesco's £3.7bn takeover of Booker is cleared

The competition regulator has formally cleared Tesco’s £3.7bn deal to buy wholesaler Booker, declaring it has no concerns following an in-depth review. The Competition and Markets Authority’s (CMA’s) decision meant the proposed tie-up, first announced in January, was now able to proceed to shareholder votes. Tesco is the UK’s …

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Post Office funding row as £370m invested

Labour and unions have accused ministers of presiding over a decline in Post Office services, as the Government announces a £370m investment aimed at securing rural branches. The three-year funding deal was announced alongside figures showing the Post Office had made an annual profit – of £13m – for …

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Christmas delivery chaos as parcels 'left in bins'

People are facing Christmas delivery mayhem with some consumers reporting their parcels have been late, have not arrived at all, or have been opened by their neighbours. A survey of 2,099 people by consumer group Which? found 56% of people did not receive a delivery when expected, with 21% …

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House price growth to halt, surveyors say

House price growth looks set to grind to a halt next year as uncertainty, a lack of available homes and stretched budgets weigh on the market, according to surveyors. Figures from the Royal Institution of Chartered Surveyors (RICS) suggested that London would see a continuing trend of decline, spreading …

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YouTube signs Universal Music deal amid subscription plans

YouTube has signed a second global, multi-year agreement with a major music label, amid plans to expand its subscription businesses.Universal Music Group said the deal would provide its artists more flexibility and pay, and strengthen YouTube’s commitment to managing music rights.The firm represents artists including Taylor Swift and Jay-Z. …

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Steinhoff facing credit squeeze

Retail group Steinhoff has said its lenders are starting to withdraw or suspend credit following allegations of accounting irregularities.In a presentation to investors in London, the retailer added it was unable to say when the extent of alleged irregularities would be known.Steinhoff said forecasts for each of its companies …

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