Bloomberg UK government borrowing surged in the first four months of the fiscal year, a reminder of the vulnerability of the public finances as Britain braces for a no-deal Brexit. The budget deficit between April and July stood at 16 billion pounds ($19.4 billion), 60% more than the same period last year, Office for National Statistics figures published on Wednesday ...

Bloomberg Chancellor Angela Merkel’s cabinet on Wednesday agreed to abolish a tax that was used to help finance reunification for all but the very wealthy. From 2021, the so-called “Solidarity Surcharge” will be eliminated for 90% of those currently paying it and another 6.5% will receive partial relief, the finance ministry said in a statement. As a result, expected revenue ...

Bloomberg Nordic leaders said they would seek a common stance on climate talks after a summit in Iceland that was attended by German Prime Minister Angela Merkel. Danish Prime Minister Mette Frederiksen said the region had the responsibility of making sure that it becomes the more environmentally sustainable in the world, while her Swedish colleague Stefan Lofven said it was ...