MONEY

Public borrowing rises to £11.8bn in September

Public borrowing rises to £11.8bn in September

Government borrowing rose to £11.8bn in September, an increase of £1.6bn compared with a year earlier, according to the Office for National Statistics. Economists were forecasting that borrowing would hold steady. The latest figures are a set back for Chancellor George Osborne, who in March pledged to cut the budget deficit by more than 10% […]

UK interest rates remain at record low of 0.5%

UK interest rates remain at record low of 0.5%

Bank governor Mark Carney has voted to keep rates on hold at recent meetings The Bank of England has held UK interest rates at a record low of 0.5%. It has also decided not to extend its quantitative easing programme, designed to stimulate lending in the economy, beyond the £375bn already spent. Rates have been […]

UK inflation rate of 1.2% is lowest in five years

UK inflation rate of 1.2% is lowest in five years

UK inflation fell to a five-year low of 1.2% in September from 1.5% the month before, official figures show. The rate – as measured by the Consumer Prices Index – is the lowest since September 2009, when it was 1.1%. Lower energy and food prices helped to cut the rate, while the Office for National […]

UK manufacturers hit by global economic worries

UK manufacturers hit by global economic worries

UK manufacturers are feeling the impact of the eurozone’s slowdown and wider global problems, a survey has found. The business trends report from the accountancy and services group BDO said that in September growth expectations among manufacturers saw their steepest fall since May 2013. Optimism among UK business generally saw a slight fall, the report […]