HSBC to push ahead with 35,000 job cuts; UK inflation eases for fourth month - business live

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HSBC to push ahead with 35,000 job cuts; UK inflation eases for fourth month - business live
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HSBC revives redundancy programme that had been put on ice because of Covid-19 outbreak; UK inflation falls to 0.5% in May, the lowest since June 2016

Back to the UK inflation numbers. Official figures showed the annual growth rate in consumer prices slowed to 0.5% in May as oil prices tumbled, the lowest annual rate since the Brexit vote in June 2016.

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