British public finances worsen in December
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Britain's public finances chalked up a deficit of 17 billion pounds (22.8 billion euros, 33.1 billion dollars) in December, the highest ever level for the month, official data showed Monday.
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Financial pressures hit US consumers and spending slumps to a 15-month low in December, data shows.
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Britain's manufactured output fell by 0.2 percent in January from the December figure, official data showed on Friday.
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Consumer spending, the critical bulwark that has kept the country out of a recession, is showing signs of cracking. Retail sales plunged by 0.4 percent last month as consumers battered by a sinking housing market, rising unemployment and the credit crunch, handed retailers their worst Christmas in five years.
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The pound has fallen to an all-time low against the euro as the outlook for the UK economy darkens.
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It may be high shopping season, but December is often the cruelest month when buying funds.
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Britain's public finances showed a deficit of 22.1 billion pounds in January, marking the highest ever level for the month, official data showed on Wednesday.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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Business & money: Higher interest rates and June's dismal weather take toll on spending on Britain's high streets.
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Boxing Day figures reveal poor sales, but bargain hunters are expected to turn out in force for post-Christmas shopping
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More bad news about the health of the UK economy emerged on Thursday as the Confederation of British Industry cut its GDP forecast for this and next year
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The outlook for small UK firms has worsened in recent months, a survey from Bank of Scotland suggests.
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Family finances are being hit as bills and taxes rise faster than incomes, a centre-right think tank warns.
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UK retailers had their worst Christmas since 2004, the British Retail Consortium (BRC) says.
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GORDON Brown&#39;s reputation for prudence suffered a fresh blow today from news that the public finances plunged deeper into the red last month than in any other September on record.
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Global markets slump, with the UK having its worst day in almost nine months, on fears about Chinese investments.
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The Chancellor has faced bad news on government tax revenues and borrowing so far this year - too little tax revenue, too much borrowing.