Bbc news uk business

Here are the latest news stories from BBC News UK Business:

Top Stories

UK economy grows at fastest pace in 10 years: The UK economy has grown at its fastest pace in over a decade, according to official figures. The Office for National Statistics (ONS) said the economy expanded by 0.8% in the three months to July, driven by strong growth in the services sector.
Amazon to create 2,000 new UK jobs: Online retail giant Amazon is to create 2,000 new jobs in the UK, the company has announced. The new roles will be based at Amazon's warehouses and offices across the country.
HSBC to cut 35,000 jobs globally: HSBC is to cut 35,000 jobs globally as part of a major restructuring plan. The bank said the move was necessary to reduce costs and improve efficiency.

Business News

UK inflation rate falls to 1.7%: The UK's inflation rate has fallen to 1.7%, down from 2.1% in June, according to the Office for National Statistics (ONS). The fall is largely due to a decline in the cost of food and drink.
EasyJet to cut 4,000 jobs: Budget airline EasyJet is to cut 4,000 jobs as part of a major restructuring plan. The airline said the move was necessary to reduce costs and improve efficiency in the face of reduced demand.
UK manufacturing growth slows: Growth in the UK's manufacturing sector has slowed, according to a survey by the Confederation of British Industry (CBI). The survey found that manufacturers are facing challenges due to Brexit uncertainty and global trade tensions.

Market News

FTSE 100 falls 1.5%: The FTSE 100 index of leading UK shares fell 1.5% on Friday, driven by concerns over the global economy and trade tensions.
Sterling falls against dollar: The pound fell against the dollar on Friday, dropping to a low of $1.31. The fall was driven by concerns over the UK's economic outlook and the impact of Brexit on the country's trade relationships.
Oil prices fall: Oil prices fell on Friday, driven by concerns over global demand and the impact of the COVID-19 pandemic on the energy sector.