Before Brits feel too smug, the Organisation for Economic Co-operation and Development slashed its growth forecast for the UK next year, saying the government's deep spending cuts will increase the 'headwinds' facing the economy and 'hamper growth' Photograph: Anthony Devlin/PAMajestic Wine said that champagne and fine wines were back on the menu as Britons made the most of dinner parties and evenings at homePhotograph: Graham Turner/GuardianHSBC plans to double the basic pay of hundreds of its top investment bankers in a move that risks inflaming the row about City pay.Photograph: David Levene for the GuardianThink of it as the long and winding download: after a decade of wrangling the Beatles, their heirs and their record company EMI finally came together to agree to appear on Apple's iTunesPhotograph: Justin Sullivan/Getty ImagesThe government was urged to fund the creation of 100,000 jobs in unemployment blackspots as a report revealed that joblessness in Britain's weakest local economies stands at 18%.Photograph: Martin Argles for the GuardianThe UK's second biggest supermarket chain said it would create 7,500 jobs through new store openings, expansion of its home shopping service and its recent takeover of Danish supermarket Netto in the UK. Photograph: David Sillitoe for the GuardianUnemployment in Britain fell unexpectedly last month, suggesting that the labour market may be in better shape than fearedPhotograph: Shaun Curry/AFP/Getty ImagesGlaxoSmithKline is close to securing formal US approval for the first new drug in 50 years to treat the complex autoimmune disease lupus, after experts recommended the release of the treatment despite broad safety concerns. The drug, known as Benlysta, is one of the most important new drugs in Glaxo's pipelinePhotograph: Fiona Hanson/PANorthern Foods, whose best known brands are Fox's biscuits, Goodfella's pizzas and Matthew Walker Christmas puddings, is to merge with rival Greencore of Ireland to create an company that will supply around a third of all ready meals and sandwiches to British supermarketsPhotograph: Bloomberg via Getty ImagesEasyJet extended its truce with Sir Stelios Haji-Ioannou by announcing its first-ever dividend in a move that could net the airline's largest shareholder around £10m a year. Haji-Ioannou, who controls 37% of easyJet's shares, already stands to make at least £65m over the next 10 years after settling a bitter row over the "easy" brand last monthPhotograph: Chris Young/Empics
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