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Burnham sets out vision to transform Britain and fix ‘broken’ system

Expected next prime minister focuses on restoring faith in politics, cost of living and devolution in major speechWhat is Andy Burnham’s economic and political blueprint for Britain?Andy Burnham has set out his blueprint to transform the UK with a promise to improve living standa

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Crypto firms operating in UK to be subject to sweeping new rules

City regulator will require booming industry to prove its resilience to risk from October next yearCrypto firms operating in the UK will be forced to prove they can weather market shocks and hold capital against risky assets as part of sweeping new rules announced by the Financia

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High-street slot machines and casinos could face £460m tax rise under Burnham

Thinktank finds 43% of the public would support a move by Labour to raise taxes on adult gaming centresAll-night slot machine shops and casinos could face a £460m tax rise if Andy Burnham acts on his concerns about the gambling industry as prime minister, after an influential thi

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Brompton sells stakes to Decathlon and Chinese Labubu backer

British bike maker says cycling market is recovering from sales slump and investments will add new expertiseThe French sports gear retailer Decathlon and a Chinese investment group that was an early backer of Labubu soft toys have bought stakes in the British folding bike maker B

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Nearly 25% of UK pubs and restaurants lose money, research shows

Hospitality trade bodies’ data published as celebrity chefs and restaurateurs launch campaign for VAT cutNearly a quarter of UK pubs, bars and restaurants are losing money, according to new survey data that came as a group of celebrity chefs and business owners stepped up their c

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UK disposable incomes squeezed by price rises and tax changes

ONS confirms 0.6% GDP growth in first quarter, with services, production and construction sectors expandingBusiness live – latest updatesUK households suffered a drop in disposable incomes in the first three months of the year as price rises and extra wealth taxes hit average spe

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Telegraph’s £575m takeover by German group completed

Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year-old titlesBusiness live – latest updatesThe European media group Axel Springer has completed its £575m takeover of the Telegraph, ending three tumultuous years of uncertainty over the future o

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UK housebuilders face class action suit over alleged collusion to inflate prices

Law firms seek up to £4.5bn on behalf of 700,000 buyers of new-build homesBusiness live – latest updatesBritain’s biggest housebuilders, including Barratt Redrow and Taylor Wimpey, face a multibillion-pound class action lawsuit over claims that they colluded over higher prices fo

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UK watchdog plans to break Apple and Google’s ‘effective duopoly’ on mobile app stores

CMA says developers should be able to steer users away from app stores for payments to increase competitionBusiness live – latest updatesThe UK’s competition watchdog is challenging Apple and Google’s “effective duopoly” over mobile platforms by allowing developers to steer users

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Nigel Farage received £270,000 from gold marketer he promotes

Reform UK leader’s Direct Bullion payment is double his fee from 2025UK politics live – latest updatesNigel Farage received £270,000 from a gold marketer for which he is a brand ambassador, his single biggest payment as an MP.The Reform UK leader has been criticised in the past o

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Trains disrupted on UK’s busiest intercity line as cows wander on to tracks

London to Manchester among routes affected after cows blocked west coast mainline for more than three hoursBusiness live – latest updatesA herd of cows has disrupted travel for thousands of train passengers after wandering on to Britain’s busiest intercity railway line.Trains bet

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Number of billionaires globally soars by 13% amid AI shares boom

Billionaires’ wealth grew by 25% on average in the year ended in April, research from Swiss bank UBS findsBusiness live – latest updatesThe number of billionaires in the world has jumped by 13% to a record 3,302 people, new figures show, as the super-rich accumulate wealth at an

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