Industry supply chain fears deepen; UK borrowing undershoots forecasts; US jobless claims fall – business live
by Graeme Wearden from Economics | The Guardian on (#5QZ2B)
Rolling coverage of the latest economic and financial news
- US jobless claims drop to pandemic low
- CBI: shortage fears highest since the 1970s
- Unilever raises prices, with more to come...
- Food importers struggle to find haulers
- UK government borrowing fell in September to 21.8bn
- Sunak: recovery well underway, but pandemic has pushed up debt
- Capital Economics: recovery lifts tax receipts
Rising inflation has driven up the cost of repaying Britain's national debt by around 50% in the first half of the financial year.
Interest payments from April to September totaled 32.7bn, up from 21.7bn a year ago, due to the increase in the Retail Prices Index to which index-linked gilts (government bonds) are pegged.
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