Good economic factors help the UK
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 He has been replaced by Sir George Young Bt.