Britain runs up biggest October budget deficit in five years – business live
- 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
2.32pm GMT
Wall Street has opened flat to slightly higher.
2.02pm GMT
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.
Continue reading…UK public borrowing surges to £11.2bn, as OECD warns on slower UK growth next yearThink tank also predicts lowest global growth since financial crisisLabour to slap £11bn tax on oil and gas firms to fund green planStock 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 2.32pm GMTWall Street has opened flat to slightly higher. 2.02pm GMTThe 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. Continue reading…
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