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Government youth unemployment schemes are not working, according to councils in England.The Local Government Association said that the current system is too complicated, with 35 different schemes across 13 age brackets and possibly contributing to the 8% drop in the number of young people enrolling on the schemes compared with...

The Confederation for British Industry (CBI) has said that UK economic growth in 2013 is likely to be 0.2% higher than previously thought. At the same time, it increased its forecasts for 2014 growth from 2% to 2.3% as a strong performance from the retail sector boosted hopes for an...

Supermarket chain Tesco has signed up its Finest range to sponsor hit TV show Downtown Abbey.Mark Trinder, sales director for ITV Commercial, said the deal was “the coming together of two of the UK’s most high-profile brands”.David Wood, Tesco marketing director, added: “We are really excited to be working with...

Reports have suggested that department store chain House of Fraser may make a return to the stock market as takeover speculation surrounding the company continues.The business is 49% owned by the representatives of failed Icelandic banks, who took control of the shares when previous owner Baugur collapsed in 2009.Another 20%...