- UK public borrowing surges to £11.2bn, as OECD warns on slower UK growth next year
- Think tank also predicts lowest global growth since financial crisis
- Labour to slap £11bn tax on oil and gas firms to fund green plan
- Stock markets fall amid worries over delay to US-China trade deal, despite a pledge from Beijing that it will try hard to reach a trade deal
Wall Street has opened flat to slightly higher.
The latest weekly jobless claims point to some weakening in the labour market. The number of Americans applying for unemployment benefits was unchanged at a five-month high of 277,000 last week, a surprise to economists who had forecast a fall to 219,000.