The UK government borrowing remained below the forecast of the Office for Budget Responsibility in the financial year-to-date period, data released by the Office for National Statistics showed on Tuesday.In the financial year to December, the budget deficit was GBP 146.8 billion, which was the second-highest financial year-to-December borrowing since monthly records began in 1993.However, this was...
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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.