Peter Kyle, the new business and trade secretary, has pledged to deliver an "ambitious" growth agenda, telling the bosses of some of Britain's biggest companies that he wants the government to play a role in creating the UK's first trillion-dollar company.
Retail sales rose a surprising amount in July, as good weather and the Women's Euros led people to part with their cash, official figures show.
The investment minister appointed by Sir Keir Starmer less than a year ago is to quit her role, dealing a fresh blow to the government's fledgling industrial strategy.
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