U.K. budget gap increases in April

Note: This section contains information in English only.
Source: Investing.com
Public sector borrowing in the United Kingdom surprisingly climbed in April of the current year, considerably exceeding analysts' forecasts. In total, the government borrowed 9.6 billion pounds last month, up from 6.1 billion pounds in March, while experts awaited the indicator to fall to 3.5 billion pounds. Meanwhile, the central government debt reached 1,270.8 billion pounds or 75.6% of GDP.
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Thu, 22 May 2014 11:12:06 GMT

European shares increase amid Fed minutes and Chinese data

European equities show an advance on Thursday for the second consecutive day, while positive news come for China and the U.S. Chinese manufacturing expanded more than expected, while the Fed announced the inflation level to remain under the target of 2%. The benchmark European stock index Europe Stoxx 600 jumps 0.2% to 341.11 points by 8:35 GMT in London.

Thu, 22 May 2014 10:50:09 GMT

U.K. economy jumps on consumer spending

Economic growth in the United Kingdom climbed to 0.8% in the first quarter of this year, in line with the preliminary estimations. Consumer spending increased 0.8% and added 0.5% to the overall GDP advance. Thefore, country's economy surges for the 10th consecutive quarter. At the same time, exports decreased 1% in Q1, while imports shrank 1.1%. Government spending added 0.1%.

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