00:00Hi, I'm Alex Nelson and here are the top retail and finance news stories of the week.
00:12Fashion fans are in for a treat.
00:15Topshop is officially returning to the UK High Street next spring.
00:18After years of being online only, the brand will relaunch in 32 John Lewis stores nationwide,
00:24with Topman making a smaller return in six locations.
00:28John Lewis bosses say the move is about boosting footfall and bringing younger shoppers through the doors,
00:33with queues expected when the doors reopen.
00:36In Westminster, Chancellor Rachel Reeves has confirmed her autumn budget will be delivered on Wednesday, November 26.
00:42She's facing pressure from both markets and MPs, with rumours of new property and inheritance taxes under consideration.
00:50Reeves says her focus will be on fixing the economy without raising income tax, VAT or national insurance,
00:56but with a funding gap of up to £51 billion, tough choices lie ahead.
01:01And health and beauty chain body care is on the brink of claps, putting around 1,500 jobs at risk.
01:07The retailer, founded more than 50 years ago in Lancashire, is scrambling to secure a rescue deal.
01:13Without a buyer, it could enter administration within days,
01:16the latest casualty of rising costs and fragile consumer spending.
01:19And finally, some good news for parents.
01:24As of September 1st, families with children as young as nine months can now access up to 30 hours of funded childcare per week in England.
01:32It's the biggest expansion of free childcare the country has ever seen,
01:35saving many households hundreds of pounds a month.
01:38But beware, hidden charges and waiting lists mean availability could vary,
01:42so parents are being urged to apply early.
01:44That's your round-up of this week's biggest retail and finance headlines.
01:49I'm Alex Nelson.
01:50Thanks for watching.
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