United Kingdom

Economy News

UK borrowing grows as new PM prepares to take over

Britain's budget deficit swelled in the first three months of the tax year, official data showed, putting the public finances on a shakier footing even before a new prime minister moves into Downing Street next week clutching costly spending pledges.

UK marketing spending growth flat, uncertainty reigns - survey

British companies made no change to their marketing spending in the second quarter this year compared to the previous quarter, as a leadership change in Britain and continued ambiguity over Brexit made clients hesitant and delayed decision making, a survey showed.

UK pay growth strongest since 2008, but jobs boom slows

British wages, excluding bonuses, rose at their fastest pace in nearly 11 years, official data showed on Tuesday, but there were potential signs of future weakness in jobs growth, the economy's silver lining since the Brexit referendum.


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