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The leader of Britain 's biggest business group has urged the Government to extend the car scrappage scheme until the general election to help the recovery from recession and boost employment. Richard Lambert , director general of the CBI, said the so-called...
Tags: Britain, public sector, Gordon Brown, CBI, Richard Lambert, billion pounds, records began, Treasury, public finances, net borrowing, United Kingdom, London, Unemployment, Lambert, Business Finance, Automotive industry, Electrification, Scrappage program, Politics, Labor, Federal Reserve System, Confederation of British Industry, Central Bureau of Investigation, Public finance, Fiscal policy, Deficit, Trident, Nuclear weapons and Israel, Nuclear program of Iran, Nuclear weapons, Nuclear proliferation, Nuclear Non-Proliferation Treaty, War Conflict
The figure, an August record, compares with £9.9bn a year ago but is less than some forecast...The rise takes net borrowing to £65.3bn for the five months of the financial year so far, according to the Office for National Statistics (ONS). The government's...
Tags: Bank of England, Office for National Statistics, public sector, net borrowing, billion pounds, borrowing soaring, retail sales, Bank's Monetary Policy Committee, United Kingdom, London
The figure was much worse than the £500m deficit expected by analysts, and comes as the recession continues to reduce the government's tax returns. July is typically a month of surplus, due to corporate tax payments. In April's budget, the Chancellor,...
Tags: public finances, net borrowing, tax revenues, public sector, sector net, Britain, THE Treasury, The Treasury, recorded began, official data
The British government borrowed a net total of 13 billion pounds ($21.4 billion) in June, raising national debt to 56.6 percent of GDP as tax receipts slumped amid the recession, the Office for National Statistics said Tuesday. The debt figure was lower...
Tags: public sector, tax receipts, billion pounds, net borrowing, Office for National Statistics, government borrowing, Treasury, sector net
The Chancellor has been accused of losing control of the public finances as borrowing for the financial year soared to £75 billion, the highest since records began, after a dramatic collapse in tax revenues. Alistair Darling now faces drastic revisions...
Tags: Britain, Alistair Darling, public sector, records began, budgeted deficit, billion pounds, borrowing soared, Office for National Statistics, Treasury Select Committee, net borrowing
Net borrowing totalled £16bn last month, said the Office for National Statistics, much higher than the average £13.7bn predicted by analysts. Borrowing for the first eight months of the financial year now totals £56.1bn. The chancellor has already warned...
Tags: sector borrowing, retail sales, public sector, Bank of England, net borrowing, public finances
April 18, 2008 Alistair Darling won welcome respite this morning from the deluge of bleak news on the economy as official figures confirmed that he met his revised government borrowing target for the full 2007-08 financial year. The public finances sank...
Tags: Office for National Statistics, Alistair Darling, government borrowing, public finances, net borrowing