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UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

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