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The supply, sale and impact of ‘legal highs’ should be better controlled, recommended the government’s drugs advisors. The Advisory Council on the Misuse of Drugs said the more research and awareness and stricter laws were needed in order to curb the problem. The ‘highs’, including MDPV and bromo-dragonfly, often evade regulations by being marketed as plant [...]

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25th Oct 11

Tunisia election turnout over 90 per cent

by Harry Oldfield

Over 90 per cent of registered Tunisian voters turned out to cast their ballet in the country’s elections – the Arab spring’s first democratic test. Election officials had initially stated that turnout was over 70 per cent two hours prior to the closure of voting booths, and had passed 80 per cent in certain areas. [...]

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24th Oct 11

Mobile phone brain cancer connection rejected

by Harry Oldfield

Further research has emerged suggesting there is no connection between brain cancer and mobile phones. The risks presented by mobiles have been a major talking point during the last two decades, during which time the use of phones has rocketed. The latest research led by Denmark’s Institute of Cancer Epidemiology studied over 350,000 people with [...]

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21st Oct 11

Debenhams to carry out store expansions

by Harry Oldfield

The new boss of Debenhams insisted that the high street in the UK was “alive and well” as he unveiled plans to modernise an additional 25 outlets and open nine new stores during the coming four years. The department store chain’s expansion drive, which is set to create 4,050 new jobs, comes on the back [...]

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20th Oct 11

Argos reports £3.4m in half year profits

by Harry Oldfield

Catalogue chain Argos scraped just £3.4m in half-tear profits after consumers delayed purchasing “big ticket” electronics products. With like-for-like sales down by nine per cent over the 26 weeks ending 27 August, Argos parent Home Retail Group claimed the company’s profits dropped from £54.4m a year earlier because margins were hammered by discounting. Terry Duddy, [...]

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19th Oct 11

Food budgets impacted most in unprecedented spending fall

by Harry Oldfield

Household food budgets have been most affected during an “unprecedented” drop in consumer spending in the recent economic downturn, new research shows. The Institute for Fiscal Studies revealed that, unlike during previous recessions, families have responded to the squeeze on standards of living by reducing their expenditure on food and drink. Among the other sacrifices [...]

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18th Oct 11

Tube drivers to net pay of £50,000 a year

by Harry Oldfield

Tube drivers look set to see their annual salaries exceed £50,000 a year barrier. Just a few weeks after negotiating bonuses of as much as £1,800 to work their normal hours during next summer’s Olympic Games, rail unions have managed to agree a deal which will see above inflation pay rises over the next four [...]

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17th Oct 11

Profit margins of energy suppliers eight times higher

by Harry Oldfield

Energy Companies’ profit margins have increased to £125 per customer a year, from just £15 in June, revealed regulator Ofgem as it announced that it will make suppliers simplify tariffs in its initiative to reduce prices. Ofgem revealed that the plan to push down prices was the first of four steps to break the Big [...]

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14th Oct 11

Inflation and low interest rates leave pensioners worse off

by Harry Oldfield

The Bank of England’s efforts to boost the economy have cut the average pensioner’s income by over £4,000 per year and sliced nearly £10,000 off the value of their savings. Dramatic cuts in interest rates coupled with the Bank’s quantitative easing measures have dealt pensioners a triple blow. Their income from savings accounts has fallen, [...]

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12th Oct 11

UK seeing big increase in poverty

by Harry Oldfield

Falling incomes will result in the largest drop for families with middle-level incomes since the 1970s, reveals an Institute for Fiscal Studies report. The IFS forecasts that the next two years will be dominated by large falls in incomes which will push a further 600,000 children into poverty. The IFS projections show that there will [...]

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