Public borrowing at £7.7bn in October
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Government borrowing fell to £7.7bn in October, official figures show, down £0.2bn from a year earlier.
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Government borrowing fell to £7.7bn in October, official figures show, down £0.2bn from a year earlier.
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The Bank of England will wait until after the general election to raise interest rates as the threat of a resurgent eurozone crisis hangs over the UK economy, according to a leading thinktank.
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Savings of up to £1m in collapsed banks are to be protected under new proposals from the Bank of England intended to avoid a Northern Rock-style run on a financial institution. The £1m limit will apply only to money temporarily deposited in a bank, for instance from a house sale or insurance claim, and will last for six months.
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In the wake of a rare tactical victory for the White House, Barack Obama on Wednesday evening defended his threat to use controversial presidential powers to prevent companies from avoiding US taxes.
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Campaigners last night demanded David Cameron scrap his savage welfare reforms after the number of emergency food parcels handed out soared to more than a million.
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Companies claw back almost two-fifths of cash paid out to shareholders since start of financial crisis
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Britain’s credit standing has suffered a further blow after Fitch became the second international agency to strip the country of its AAA rating.