The UK budget deficit widened to its second-highest level for the month of November since records began in 1993, largely due to the surge in the debt cost, the Office for National Statistics said on Tuesday.
Public sector net borrowing totaled GBP 17.4 billion in November, down by GBP 4.9 billion from the same period last year. This was also bigger than the economists' forecast of GBP 16 billion. Current receipts grew 4.3 percent on a yearly basis, while the expenditure decreased 6.9 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.