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The Treasury expects borrowing to reach a record £175 billion for the year as a whole as the public finances buckle under the impact of recession. While September's borrowing is slightly lower than the £15.3 billion expected by the City, it is almost...
Tags: ons recorded, Elizabeth Judge Britain, billion pounds, government borrowing, Office for National Statistics, recorded began, Gordon, official data, public finances, data showed
Figures from the Office for National Statistics show a rise of 11,000 unemployed between May and July. It represents an unemployment rate of 7% in Scotland, compared with a UK figure of 7.9%. The number claiming jobseeker's allowance also rose to 132,900...
Tags: unemployment, employment, job losses, Britain, Royal Bank of Scotland, figures showing, highest level, jobless rate, official data, 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
British industrial output rose unexpectedly in April for the first time since February 2008, official data showed today. The Office for National Statistics said industrial output rose 0.3 per cent on the month, compared with analysts' forecasts for a...
Tags: output rose, Office for National Statistics, Russian, manufacturers output, China, official data
India's exports of jewelry, garments and other goods slid 33 per cent in April, shrinking for the seventh straight month, hit by a demand slump in major global markets, official data showed Monday. Exports slumped to 10.74 billion dollars in April from...
Tags: India, export fell, official data, merchandise export
A "Cars to the Countryside" scheme will go into operation as of March 1, as part of a government-backed stimulus plan announced in January to fight the economic recession by stimulating domestic manufacturing. Detailed rules have been drafted and will...
Tags: China, official data, United States, data showing
China's economic growth slowed dramatically towards the end of last year, seeming to bear out a warning this week from Premier Wen Jiabao that 2009 would be the most difficult year so far this century for its development...As the global crisis hit home,...
Tags: China Faces Worst Unemployment, final quarter, global crisis, economies slowed, financial crisis, slowed sharply, economic growth, economic slump, official data, data showing
British retail sales in July rose by 2.1 percent compared with July of last year, the government said Thursday, confounding analysts' expectations that the country's economic slowdown would be reflected in falling sales figures...Weekly sales for the...
Tags: german, retail sales, Office for National Statistics, official data, business investment
Britain's unemployment rate stood at 5.2 percent in the three months to March, but the claimant count rose in April for the third month in a row, official data showed on Wednesday. Under the International Labour Organization measure of unemployment, the...
Tags: claimant count, slowing economy, Office for National Statistics, count rose, official data, data showed
China's inflation rate soared to its highest level in over 11 years in January as the coldest winter in decades sabotaged long-running efforts to tame rising prices, official data showed Tuesday. The nation's main inflation gauge spiked to 7.1
Tags: China, inflation rate, food price, rate soared, official data, highest level