Britain's public finances worsen in May
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Britain&#039;s public finances recorded their worst-ever performance for the month of May, official data showed.
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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.
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New orders for long-lasting U.S.-made manufactured goods tumbled sharply in May, the government said on Wednesday, raising doubts about the strength of the factory sector and business expansion plans.
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Inventories of unsold goods where up in May, while separate data showed consumers cut back on spending amid higher gasoline prices and continued troubles in the housing market.
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New mortgage lending in the UK falls for the third month in a row in April to the lowest in a year, the Bank of England says.
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British 12-month inflation slowed further to 2.5 percent in May, marking the second monthly drop in a row after 2.8 percent in April, official data showed on Tuesday.
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Sterling was weak ahead of Wednesday's publication of both economic growth data and the minutes to last month's rate-setting meeting at the Bank of England (BoE).
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A report on pensions commissioned by the Government will be highly critical of Labour&#39;s record on the issue, saying that people are saving far less for retirement than official figures show
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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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Public finances worsened by more than expected in August, as government spending exceeded tax receipts, official data has shown.
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The nationalization of the once lucrative bank threatens the British Prime Minister's already tottering fortunes
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Britain's public finances recorded a deficit of 17 billion pounds in December, the highest ever level for the month, official data showed Monday.
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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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UK economic growth is unexpectedly revised down to 0.7% in the three months to June, official figures show.
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Government bodies have lost tens of millions of pounds in debts and fraud, a spending watchdog says.
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UK consumers are still borrowing more money than citizens of any other European country, a report says.
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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.