Bloomberg UK Chancellor of the Exchequer Rishi Sunak is on track for a windfall of around 13 billion pounds ($17.5 billion) this financial year as borrowing figures for the first nine months came in well below official forecasts, despite a sharp rise in debt interest costs. The budget deficit was 16.8 billion pounds last month, taking the shortfall from ...

  Bloomberg Euro area economic activity increased at its slowest pace in almost a year as infections of the coronavirus’s Omicron strain ripped through the services industry. While supply disruptions eased somewhat for manufacturers, a composite gauge for both sectors falls for a second month, to 52.4 in January from 53.3 in December, according to a survey of purchasing managers ...

  Bloomberg Mexico’s annual inflation slowed slightly less than expected in early January and remained far above target, leaving the central bank in a tight spot amid indications the economy is in recession. Consumer prices rose 7.13% from a year earlier, compared to the 7.12% median estimate of economists surveyed by Bloomberg and 7.26% in the last two weeks of ...