UK Economy Shows Signs of Recovery But Consumers Remain Cautious
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UK private sector growth hit a 9-month high in February, suggesting the recession may be ending. Service sector saw faster rise in new work orders.
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UK car sales jumped 14% year-on-year in February, the best performance for the month since 2004, driven by businesses expanding fleets.
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Bakery chain Greggs reported record profits last year, with sales up nearly 20%. It expects further growth in 2024.
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Chancellor Jeremy Hunt is expected to freeze fuel duty again in the budget, costing £5 billion but helping motorists.
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UK retailers suffered the worst February sales in years as bad weather kept shoppers away. Food sales rose but non-food demand dropped.