UK budget deficit widened to the highest December level on record largely due to a sharp growth in spending on energy support schemes and huge interest payments driven by high inflation. Public sector borrowing increased by GBP 16.7 billion from the last year to GBP 27.4 billion in December, data published by the Office for National Statistics showed Tuesday.
Read Full Story
Latest posts by Top News Editor (see all)
- U.S. Consumer Sentiment Improves Slightly More Than Initially Estimated In January - January 27, 2023
- U.S. Pending Home Sales Unexpectedly Rebound In December - January 27, 2023
- U.S. Personal Income Inches Up 0.2% In December, In Line With Estimates - January 27, 2023
