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Car maker Ford has come under fire for raising the price of cars for the third time this year. Prices will rise by 4% for orders placed after 30th June. This follows rises of 4.7% in February and 3.75% in April. Ford blamed the weakness of sterling against the euro for the price rises as most cars are assembled in Germany and Spain. However Ford conceded that raising prices during a recession with a scrappage scheme in place was 'counter-intuitive'. |
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The government has insisted that plans to part-privatise Royal Mail will go ahead despite strong opposition from Labour backbenchers. Royal Mail itself is never far from the headlines and the government plans are the latest in a long line of controversies. Royal Mail has also been heavily criticised after increasing the price of both first and second class stamps by 3p. Many businesses are already struggling and are seeking ways to reduce the cost of sending post. Royal Mail posted a profit of £321 million for the year ending 31st March. All four areas of Royal Mail posted a profit for the first time in 20 years. |
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