Tag: United Kingdom

• Friday, April 23rd 2010 - 02:45 UTC

  UK record borrowing in 2009/10 to cover biggest budget deficit since WW2

  

  UK Primer Minister Gordon Brown’s government borrowed a record £163.4 billion in the 2009/2010 financial year, according to figures published Thursday. While it is the biggest budget deficit since the Second World War, the figure is lower than Chancellor Alistair Darling’s prediction in the budget of £166.5 billion for the year.

• Wednesday, April 21st 2010 - 17:24 UTC

  Falklands’ sovereignty: a bilateral issue between Argentina and UK, says Spain

  

  Spain will not be supporting Argentina’s Falkland Islands sovereignty claim during the coming European Union and Latinamerican summit to be held next May 18 in Madrid, according to Falklands Legislative Assembly Member Roger Edwards recently back from Brussels.

• Wednesday, April 21st 2010 - 17:08 UTC

  UK unemployed reach 2.5 million in February, highest since 1994

  

  The number of people unemployed in the UK rose by 43,000 to 2.5 million during the three months to February, official figures have shown. The jobless total is now at its highest since 1994.

• Wednesday, April 21st 2010 - 02:55 UTC

  Goldman Sachs earnings double; UK launches formal probe into fraud allegations

  

  Goldman Sachs Group Inc said first-quarter earnings nearly doubled, while in London Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.

• Tuesday, April 20th 2010 - 14:42 UTC

  UK economy recovery forecasted towards the end of 2011

  

  Prospects for the UK's economic recovery remain poor this year with output growth of 1% or less predicted in 2010, a leading forecaster has warned. It also suggested that although consumer spending is on the rise, it will remain too weak to sustain a recovery this year as consumers try to pay off debts as quickly as possible.