Page 2 - Borrowing Numbers News Today

Especially if you include the energy support built. £70 billion of support built. £70 billion of support put in by the government before that election take away afterwards and why? because the chancellor is very worried about not worsening a recession over here. its a budget which gives £100 billion away over the next two years to help households with their rising energy bills, helps to take about two and a half percentage points off an historic peak in inflation, a ao—year high. but then, ...

Theyve have seen interest rate costs surge alongside import costs, and demand hit. because we are buying from other countries, we have to put our prices up. and people out there havent got more money to spend. so this intervention staved off market turmoil turning into the collapse of some types of pension fund. but, in terms of growth and the roots of this crisis, theyre still there. and faisaljoins me now. quite a few things to discuss tonight. let me start with this intervention by the bank o...

None of its good. we just have to see exactly how the government goes when we get the new prime minister coming in, and what they do. the big decision today was to raise interest rates by half a percentage point. but the big surprise were the forecasts showing not just inflation rising above 13%, but at the same time, that there will be a recession lasting longer than a year. that wouldnt just upend the household finances of millions of ordinary families, it could also wreck the public finances,...

Weve been hit by a very severe shock, and that shock is coming through energy prices. im afraid weve got to be blunt about this, its coming from the actions of russia. im afraid, as you say, yes, we are forecasting a recession now. you are blaming russia for that, but economic policy is set here. what i would say to that is that our concern is to ensure that this very big shock, thats going to hit people this winter, doesnt then get embedded into the system. thats the real concern we have. the b...

Information, and supply shortages can give _ information, and supply shortages can give you more information. —— which _ can give you more information. —— which will— can give you more information. —— which will give you more inflation, and supply— which will give you more inflation, and supply shortages can give you more _ and supply shortages can give you more information. ithink and supply shortages can give you more information. i think these are the themes, — more informat...

Correspondent alice baxter. good morning. take us through these latest figures, if you would? goad latest figures, if you would? good morninu. latest figures, if you would? good morning- we _ latest figures, if you would? good morning. we have _ latest figures, if you would? good morning. we have had _ latest figures, if you would? good morning. we have had the - latest figures, if you would? (13mm morning. we have had the official monthly borrowing numbers from the office for national to, borro...

In debt. borrowing on credit cards rose 3.4 billion the second mofrntnt increase in the past 10 months. while borrowing was up for the month consumer spending was down partially due to disruptions from super storm sandy. many consumers may have scaled back because of fears for the automatic spening cuts known as the fiscal cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high th...