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Food industry warns of higher prices without EU workers

Image copyright Reuters The UK faces higher food prices without continued access to EU workers, 30 food and drink associations have warned. In a letter published in the Guardian, they argue that EU workers play an important role in the supply chain and some are already starting to leave. It …

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IMF chief Christine Lagarde in negligence trial in France

Image copyright Reuters Image caption Christine Lagarde, here with her lawyer at the start of the trial, denies any wrongdoing IMF chief Christine Lagarde has gone on trial in France for negligence over a compensation payment made by a state-owned bank to a businessman in 2008. As finance minister of …

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Boxing Day shopping ban petition being debated by MPs

Image copyright EPA Large stores should be banned from opening on Boxing Day, an MP has suggested, as an antidote to the nation’s “obsession with shopping”. Helen Jones said Boxing Day should be a “day of rest” after the rigours of Christmas and starting sales meant lost family time and …

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Oil prices jump on new output deal

Image copyright MIKHAIL MORDASOV Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, although that was still a gain of 4.1% on the …

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Chancellor urges Brexit interim deal

Chancellor Philip Hammond has backed a transitional deal for Brexit saying it would be “helpful” to allow longer than two years for the UK’s EU exit. Mr Hammond told the Treasury select committee that there was an “emerging view” that having longer would tend towards a “smoother transition” . There …

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