UK June public finances (PSNCR) has come in at £18.980 bln, better than the median forecast of £20.2 bln. That’s as maybe, but the budget deficit for the month is still the highest June number on record as tax receipts … Continue reading
Tax receipts flowing into the Treasury fell by £32bn last year as the recession hit Government finances.
The number of empty shops on UK high streets has trebled since last autumn.
Despite evidence that house prices are begining to stabilize, there are still plenty of clouds on the UK economic horizon, say the Item Club think-tank.
The flow of net lending to UK businesses fell for a second consecutive month in May, but major lenders approved more mortgages in June than the previous month, according to the Bank of England. The BOE’s monthly Trends in Lending … Continue reading
Britain risks sliding into a long deflationary recession if the H1N1 swine flu pandemic develops along lines predicted by the Government, according to the Ernst % Young ITEM Club report. Report by Angela Monaghan and Ambrose Evans Pritchard at The … Continue reading
The latest Rightmove data on house prices in England and Wales show that prices are down 3.1% over the last 12 months and that the rate of fall is slowing markedly and a bottom might now be in place. Sterling … Continue reading
The Conservatives have moved into their biggest lead over Labour since September, the latest YouGov poll for The Sunday Times shows.
Latest from Liam Halligan in The Telegraph.
David Smith’s Economic Outlook in The Times.