Bloomberg UK government borrowing climbed to a record 240.9 billion pounds ($323 billion) in the first eight months of the fiscal year, reflecting the damage inflicted on an economy now at risk of falling back into the recession. In November alone, spending exceeded tax revenue by 31.6 billion pounds ($42.45 billion) amid the escalating cost of supporting firms and households ...

Bloomberg Toyota Motor Corp. will halt production in the UK and France due to transport delays caused by a mutant strain of coronavirus spreading in the UK and that’s led several countries to close their borders with the nation. The border closures have “disrupted the transportation of parts,” Toyota spokeswoman Shino Yamada said in an emailed statement. Countries globally have ...

Bloomberg Swedish overall confidence levels ended a seven-month climb in December, as the Nordic region’s largest economy tightened curbs to battle a severe surge in Covid-19 infections. The overall economic tendency survey fell to 95.6, from a revised 97.2 in November, with the drop “largely a result of firms being less positive about the current situation,” the National Institute of ...