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Shopping records look likely to be smashed today, despite the travel disruption caused by the snow.

Government borrowing soared to a record high in November, stoking fears that Chancellor George Osborne may not be able to meet the budget targets for the current financial year.

Inflation is continuing its upward creep according to the latest figures published by the Office of National Statistics. The CPI annual inflation figures show that it rose to 3.3% in November, up from 3.2% the month before. It had previously remained static at 3.1% for both September and August.

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