UK debt 'double Europe average'
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People in the UK are borrowing almost twice that of citizens in other western European countries, a report says.
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Sterling has risen to an eight-day high against the euro after a stronger than expected employment report raised expectations that the Bank of England (BoE) will be forced to raise interest rates to keep a stranglehold on inflation.
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PRAGUE- The Czech Republic's foreign debt increased by Kc33bn in the third quarter against the second quarter and was Kc137bn higher than a year ago, at Kc946.1bn, or 35 pct of the country's GDP, the Czech ...
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The central bank doubled the amount of emergency loans made available to British banks caught short in the global credit squeeze.
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EURO DISNEY, the financially crippled French theme park operator, has admitted that its annual losses more than doubled last financial year as it was hit by a surge in costs.
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The number of foreigners coming to work in the UK has doubled in four years, suggest National Insurance figures.
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The European Central Bank and euro zone finance ministers issued their starkest warning to date that they are unhappy with the euro&#39;s surge to record
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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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As rocketing property prices leave many struggling to buy, Britain's image as a nation of debtors has been fuelled by a report that Britons hold a third of all unsecured debt in western Europe.
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Bulgaria's gross external debt on last Sept. 30 increased to EUR12 billion from EUR10.47 billion on last Dec.
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Consumers in the UK are becoming more prudent when it comes to getting into debt, according to financial advisers.
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Lots of debt could mean tough times ahead.
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European issuance of securitised bonds is expected to reach a new record this year, although this will depend on the continuing health of the UK housing market, the European Securitisation Forum said in its annual survey.
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The pound was solid against the euro despite mounting concerns about the state of Britain's public finances.
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Britain plans to spend an extra Â£100 million (NZ$273.74 million) a year on debt relief for some of the world&#39;s poorest countries, the Guardian newspaper reported today.
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Britain's trade in goods deficit increased to 5.22 billion pounds (7.56 billion euros, 9.37 billion dollars) in August from a revised 4.97 billion in July.
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Labor costs in the 13 nations that use the euro rose 2.2 percent in the first three months of 2007 compared with a year ago, the European Union's statistics agency said Thursday.