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In July 2018, the budget surplus of the UK increased by £1 billion compared to June last year and reached its maximum of 2 billion pounds, data of the Office for National Statistics showed. Traditionally, the budget deficit is fixed in July, but this year the surplus was noted due to the growth of income from corporate income taxes and income taxes. Analysts had predicted the figure at the level of 1 billion 100 million pounds. Since the beginning of the fiscal year that began April 1, the UK budget deficit has fallen by 8.5 billion pounds in annual terms to 12 billion 800 million pounds, to the lowest level in 16 years.
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
Forex analysts revised their forecasts for the Australian and New Zealand dollars but were left behind the market that has already exceeded the one-year target. Aussie forecasts were raised to $0.6400 in a month, $0.6450 in three months, and ...
United Airlines Holdings Inc (UAL.O) announced on Friday that it would terminate 13 out of its 67 officers to save funds as the coronavirus pandemic continues to keep a lid on travel demand. The airline company said that it would add international ...
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