Britain’s public sector borrowing totaled 15.7 billion pounds ($25.4 billion) in December, the government reported Thursday, a record for the month but still not as bad as market forecasts. » Read more…
Tag Archives: recession
UK public borrowing at a record in December
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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British economy crawls free of record recession
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Britain limped out of its longest ever recession in the fourth quarter of 2009, official data showed on Tuesday, but massive debt is set to stunt recovery beyond a looming general election. » Read more…
No double-dip slump but recovery slow: Geithner
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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The risk the U.S. economy will slip back into recession is lower now than at any time in the past year, Treasury Secretary Timothy Geithner said on Sunday, while conceding that recovery will be slow and uneven. » Read more…
AP analysis: US economic stress hit a peak in Dec.
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Weakness in Western energy-producing states helped raise the average U.S. county’s economic stress in December to its highest point since the recession began in December 2007, according to The Associated Press’ monthly analysis of conditions in more than 3,100 U.S. counties. » Read more…
Fed signals independence by raising bank loan rate
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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The US Federal Reserve appears to be flexing its independence with its sudden decision to raise the interest rate it charges on emergency bank loans though stock markets gave it a thumbs down. » Read more…