by Jonathan Cook | Apr 24, 2024
The UK government borrowed more last month and over the course of the last year than had been expected. UK borrowing over 2023/24 was £6.6bn more than the Office for Budegtary Responsibility (OBR) forecast, a bad sign for the nation’s finances and an even worse one...
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by Jonathan Cook | Apr 24, 2024
Sterling ended a losing streak to climb by half a cent against the euro and almost a cent against the US dollar. Bank of England (BoE) rate setters used a pair of speeches to try to supress expectations of imminent cuts on Tuesday. The pound recovered some of its...
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by Jonathan Cook | Apr 23, 2024
After months of tussle on Capitol Hill, the US Congress finally passed a bill that will grant more than $60bn in aid to Ukraine. The long-awaited funding is not expected to turn the tide of the war, but it will at least provide relief to Ukraine’s depleted military...
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by Jonathan Cook | Apr 23, 2024
Debt in the euro area decreased to 88.6% of GDP in 2023, the lowest ratio in four years. Analysts had been expecting a greater fall to 88%, but the region remains saddled with several highly leveraged economies, including Greece (161.9%) and Italy (137.3%). GBP/EUR:...
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by Jonathan Cook | Apr 23, 2024
Sterling has been tumbling, but the outlook for the UK economy seems to be headed in the right direction. Next month’s GDP figures will confirm if the UK has exited its recession, while markets are now increasingly sure that the Bank will cut rates in the near future....
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