Network Rail debt breaches £28bn on higher spending

Rail infrastructure company’s net debt soars due to a rise in capital investment, but profits also rise from £136m to £573mThe net debt of Network Rail has soared to more than £28bn, it has been announced. The rail infrastructure company said its net borrowings had risen from £27.2bn at the end of March 2012 to […]
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Inflation warning over 2.5% increase in state pension

Older people may struggle to cope with soaring food and energy prices in 2013, pensioner representatives sayPensioner representatives have warned that people relying on the state pension for the bulk or all of their income could struggle to pay for food and energy in 2013 if the basic state pension rises as expected by just […]
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Gas prices in the UK: how high have they got?

British gas prices are going up – again. How bad have they got and how do they compare to the cost of living?• Download the data• More data journalism and data visualisations from the GuardianJust how expensive is gas? Today, British Gas announced a 6% increase in prices, meaning the annual dual fuel bill for […]
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Rail fares to be capped at lower level, David Cameron announces

Prime minister indicates government U-turn on rail fares, promising to cap them at 1% above inflation rather than 3%David Cameron has promised to cap rail fares at a lower level than planned for two more years as the battle for Britain’s “squeezed middle” heats up.Kicking off the Conservative party conference in Birmingham, the prime minister […]
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Minimum wage for over-21s up to £6.19

Pay for workers aged between 18 and 20 frozen at £4.98 an hour, which TUC calls a particular blow to younger peopleThe minimum wage for UK workers aged 21 and above has risen by 11p to £6.19 an hour, but there is no change for younger employees.Those aged between 18 and 20 will continue to […]
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Inflation: when the commute costs £5,000 | Editorial

Which has gone up more in the five years since the financial crisis began: wages or food prices?School may be out for summer, but it’s never too late for a quiz – especially when the answer could help determine the results of the next election. So, here goes. Which has gone up more in the […]
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Mobile phone contracts: Which? calls for ban on price hikes mid-term

Complaint to watchdog as Three joins Vodafone, Orange and T-Mobile in raising cost of contracts for existing customersMobile phone network Three has joined Vodafone, Orange and T-Mobile in raising the cost of monthly contracts for existing customers, adding impetus to a call to get such price hikes banned.Consumer organisation Which? has turned up the heat […]
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MPs debate health bill – live

• Lunchtime summary4.20pm: Henry Smith, a Conservative, says the Labour request of the risk register is down to “political opportunism”. Burnham opposed the publication of risk registers when he was in office, he says.Andy Burnham intervenes to ask if Smith understand the difference between a strategic risk register and a transitional risk register. Smith says […]
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Unions lose CPI pensions appeal

Three appeal judges refuse to overturn high court ruling that the government can switch the uprating on public sector pensions from RPI to CPIUnions representing millions of workers are considering their next move after losing their appeal against a government decision to change the way public sector pension increases are calculated.Until April 2011, payouts from […]
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Inflation ‘shopping basket’ includes tablet computers and Twilight

Announcement by Office for National Statistics of goods used to measure inflation is a portrait of the way we shop nowFirst it was the clunky old PC. Then it was the laptop. Now, the age of the computer tablet has been marked by its inclusion in the basket of goods and services used by the […]
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