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Government borrowing in Aug. highest since Covid
British government borrowing reaches record $18.2B for August
British government borrowing jumped by almost a third to $18.2 billion last month compared with August 2023, taking borrowing to the highest level since treasury finances were hammered by COVID-19 in 2020-2021.
Government borrowing rises to £13.7bn in August
Official figures show that borrowing - the difference between spending and tax revenue - reached to £13.7bn last month. The Office for National Statistics (ONS) said that tax inc
Government borrowing in August highest since Covid
Government borrowing in August rose to the highest level for the month since the Covid pandemic in 2021. Official figures show that borrowing - the difference between spending and tax revenue - reached £13.
Bank of England keeps its main interest rate on hold
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
Bank of England holds interest rates at 5%
Bank of England Governor Andrew Bailey says the rate should come down in coming months, but "it's vital that inflation stays low".
Bank of England hold rates, extends bond reduction plan
LONDON - The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($133 billion) over the coming 12 months,
LBC
7h
Angela Rayner vows to make 'irreversible' changes in 'devolution revolution' for northern England
Angela Rayner has vowed to make 'irreversible' changes as part of a 'devolution revolution' for northern England.
4d
Junior doctors in England vote to accept government pay offer after long dispute
Junior doctors in England accepted a pay deal on Monday made by the government, a breakthrough that follows a series of ...
Crux
1d
‘Safe Zones’ at abortion clinics in England called ‘unnecessary’ by Catholic bishops
A new law in Great Britain will enact “safe access zones” outside abortion facilities in England and Wales on Oct. 31, a move ...
23h
on MSN
10 busiest trains in England and Wales revealed – and all but one are London commuter services
England and Wales revealed – and all but one are London commuter services - Bedford via Luton to London St Pancras, Gatwick ...
4d
England’s Junior Doctors Vote for Pay Deal to End Strikes
Junior doctors in England voted to accept a pay rise of 22.3% on average in a deal that Prime Minister Keir Starmer’s ...
3d
on MSN
Regulator government ‘objectives’ clause under pressure
Pressure is mounting over a controversial clause regarding government 'objectives' in a draft version of the bill that will ...
6d
UEFA warns that England could face Euros ban over regulator plans, reports say
UEFA has warned the UK government that England risk a ban from the Euro 2028 tournament they are co-hosting if Prime Minister ...
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