United Kingdom

Good economic factors help the UK


Published

This has been a good week for the United Kingdom, with lower unemployment figures and reduced public sector borrowing. Earlier in the week the latest unemployment figures were announced. They showed a drop of 50,000 giving an overall rate of 7.9% unemployment. The numbers in work also rose by 212,000 in the last quarter to 29.6 million, a record high.

Yesterday public sector borrowing brought further good news. The Public Sector borrowing figures for September were £700 million lower than in the same month last year and the lowest since 2008 for September, standing at £12.8 billion.

The government also resolved another problem yesterday when the government Chief Whip Andrew Mitchell resigned. He has been the subject of a month long controversy after he was said to have used abusive language towards a policemen guarding Downing Street, the centre of government in the UK. He has been replaced by Sir George Young Bt.

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com