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Inflation rose to 3.1 per cent last month, the highest in nearly six years, in a development that will be seen as unwelcome early Christmas news for consumers as the squeeze on households continues.

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The number of houses in Scotland sold for over a million pounds fell by over a third (35 per cent) in the first half of 2017 compared to the same period in 2016, according to research from the Bank of Scotland.

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