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2025-10-21 15:57:15| BBC News | Business | World Edition

The chancellor acknowledged that for many people the economy was "not working as it should" and said the reforms would boost growth.

Tariffs on furniture and lumber could intensify the US housing market's woes and push up prices.

Peter Kyle told the BBC changes will be implemented in a way that is "pro worker and pro business".

Higher interest payments offset increased revenue from tax and national insurance, the UK statistics body says.

Administrators said the business had been hit by "challenging trading conditions and increased costs".

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