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Highest government borrowing in September for five years
UK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…
Sunak rejects claims Covid loan scheme open to excessive fraud
The former chancellor Rishi Sunak has defended his pandemic-era Bounce Back Loan scheme against accusations that it was subject to excessive levels of fraud. He said he was aware of the risks, but given the need for speed, he would do the same again. Bounce back loans (BBLs) offered small businesses up to £50,000 with…
US-China trade talks set for day two as TikTok deadline looms
US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt…
Davos: Trump looms large over biggest-ever World Economic Forum
Faisal IslamEconomics editor, Davos, Switzerland EPA-EFE/REX/Shutterstock Trump appeared at Davos remotely last year, just a few days after his inauguration Apart from the snow and the temperature Greenland does not have much in common with the Swiss alps. But the fight for the future of the island looms over the gathering of world leaders and…
