U.K. unexpectedly reports a budget deficit in July

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Source: Bloomberg
U.K. unexpectedly reported a budget deficit in July as corporation tax receipts declined. According to the Office for National Statistics, the shortfall was 557 million pounds compared to a 2.84 billion pound surplus last year. Tax revenue declined 0.8% and corporation tax fell 19.3%, while government spending increased 5.1%.
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Tue, 21 Aug 2012 13:13:48 GMT

U.K. CBI production order expectations decline

U.K. industrial order estimates decreased more-than-expected this month, tumbling to the eight-month low, the Confederation of British Industry reported on Tuesday. The index fell 15.0 points to -21.0 in August from a -6.0 reading in July. Economists expected a reading of -8.0.

Tue, 21 Aug 2012 15:59:48 GMT

Sugar rose on supply threats from India

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