Posts Tagged ‘less’
UK public borrowing less than expected in financial year
The Office for National Statistics (ONS) has today revealed UK public sector borrowing came in lower than expected for the fiscal year. According to the ONS, public sector net borrowing (excluding interventions such as bank bail-outs) was £18.6 billion in March, taking the total for the fiscal year 2010-11 to £141.1 billion – less than [...]
Bank of Ireland’s losses less than expected
The Bank of Ireland has today reported its losses narrowed – surprising analysts. The country’s biggest lender said net losses for 2010 totalled €609 million (£5.44 million) – analysts had expected at least double due to the problems in Ireland’s banking sector. The bank performed well under recent stress tests and its shares were up [...]
Stock markets recover as euro zone banks borrow less than expected
Global stock markets were rocked yesterday with the news that euro zone banks may face funding difficulties after it was revealed that the European Central Bank (ECB) would not be offering 12-month loans.
A year ago, the ECB was forced to offer European banks 12-month loans at low interest rates to help them survive the financial [...]
Government borrowing hits £16bn in May
The Office for National Statistics (ONS) has today revealed the UK Government borrowed £16 billion in May.
However, the figure was lower than the £18 billion expected and was 8% less than the figure in May 2009.
Overall, Government debt stands at £903 billion – the equivalent to 62.2% of GDP – the highest ever.
However, public [...]