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Andy Burnham to give regional mayors share of income tax
The prime minister says the move will give power to “every postcode” but critics say the plans lack detail.
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BP puts North Sea business up for sale
The decision follows a review of BP’s operations and is set to end 60 years of production in the region by the oil giant.
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Sainsbury’s to sell Argos for £120m
Under the terms of the deal, Argos will still operate in Sainsbury’s shops, sell Habitat products, and offer Nectar points.
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South Korean shares surge after chip stock rout
It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market.
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Hospital parking hike adds stress, patients say
From 31 July hourly parking charges will increase by about 50% at several hospitals in the county.