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UK News
The Bank of England governor says the collapse of two US firms could be a sign of wider problems in the financial sector.
The departures followed a disagreement between the board and its majority shareholder over future governance.
The announcement sets the stage for a potential bidding war over the US media conglomerate that owns HBO, CNN and other networks.
Higher interest payments offset increased revenue from tax and national insurance, the UK statistics body says.
The chancellor acknowledged that for many people the economy was "not working as it should" and said the reforms would boost growth.