Britain runs up biggest October budget deficit in five years – business live

11.02am GMT

In other news … the best mince pies this year are from Marks & Spencer, according to baking experts at Which? who did a blind test of the 11 supermarket premium mince pies. Iceland is the (much cheaper) runner-up.

My colleague Patrick Collinson writes:

The best buy went to M&S Collection Mince Pies, priced at £2.50 for six. Which? experts said they had a “quintessentially Christmassy aroma”, praising the “golden, buttery pastry” and the “boozy, fruity mincemeat” and describing them as attractive-looking pies.

Related: Which? reveals its pick of the best supermarket luxury mince pies

10.48am GMT

Time for a quick look at the markets. European shares are still in the red, while the pound has firmed slightly against the dollar and the euro, trading at $1.2945 and €1.1676.

Policy uncertainty is undermining investment and future jobs and incomes. Risks of even weaker growth remain high, including from an escalation of trade conflicts, geopolitical tensions, the possibility of a sharper-than-expected slowdown in China and climate change.

Continue reading…UK public borrowing surges to £11.2bnOECD warns of lowest global growth since financial crisisStock markets fall amid worries over delay to US-China trade dealBeijing: will try hard to reach a trade deal 11.02am GMTIn other news … the best mince pies this year are from Marks & Spencer, according to baking experts at Which? who did a blind test of the 11 supermarket premium mince pies. Iceland is the (much cheaper) runner-up.My colleague Patrick Collinson writes:The best buy went to M&S Collection Mince Pies, priced at £2.50 for six. Which? experts said they had a “quintessentially Christmassy aroma”, praising the “golden, buttery pastry” and the “boozy, fruity mincemeat” and describing them as attractive-looking pies. Related: Which? reveals its pick of the best supermarket luxury mince pies 10.48am GMTTime for a quick look at the markets. European shares are still in the red, while the pound has firmed slightly against the dollar and the euro, trading at $1.2945 and €1.1676.Policy uncertainty is undermining investment and future jobs and incomes. Risks of even weaker growth remain high, including from an escalation of trade conflicts, geopolitical tensions, the possibility of a sharper-than-expected slowdown in China and climate change. Continue reading…