Woolworths: everything must go (Guardian Unlimited)
For 30,000 Woolworths staff it may be a bleak Christmas as it became clear yesterday that the veteran high-street retailer could go under this week if management cannot clinch a fire sale.

VAT ‘to be cut in rescue package’ (BBC News)
The government is expected to cut VAT by 2.5% as part of an emergency package aimed at kick-starting the economy.

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