The UK government's borrowing exceeded the official estimate and also hit the highest level for April since the COVID-19 pandemic, the Office for National Statistics reported Friday.The public sector borrowed GBP 24.3 billion in April compared to GBP 19.5 billion borrowing in the previous year. The April borrowing figure surpassed both the Office for Budget Responsibility's estimate of GBP 20.9 bi...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.