HMRC reveals tax office shake-up
Craig TaylorThe UK’s tax authority will close 137 local offices and replace them with 13 regional centres, raising fears over job losses. BBC News – Business
Business
Alibaba breaks Singles Day record
E-commerce giant Alibaba breaks its record for sales on Singles Day in China, the world’s biggest online shopping event, taking $ 9.3bn (£6.1bn). BBC News – Business
‘Deep concern’ over trade slowdown
A “deeply concerning” slowdown in trade, particularly with China, will lead to lower global economic growth this year, the OECD says. BBC News – Business
Get on with third runway, CBI boss says
The government should take “decisive action” and support a third runway at Heathrow, the head of one of the UK’s biggest business groups says. BBC News – Business
Jobs data lifts US rate rise prospects
Expectations of a US rate rise in December have soared following a much stronger than expected jobs report. BBC News – Business
Early UK rate rise now less likely
Forecasts for the first change in interest rates since 2009 have been pushed further into the future following the latest reports from the Bank of England. BBC News – Business