Tax rises forecast after UK borrowing jumps to £20.7bn; AstraZeneca announces $50bn US investment – business live

Rolling coverage of the latest economic and financial news, as inflation drives up cost of servicing UK national debtFull story: UK borrowing rises more than expected, putting pressure on Rachel ReevesBritain’s monthly borrowing in June would have paid for half a nuclear power station!The UK government has, thiss morning, struck a deal worth more than £38bn with private investors to back Britain’s biggest nuclear project in a generation at the Sizewell C site on the Suffolk coast, my colleague Jillian Ambrose reports. Continue reading...

Tax rises forecast after UK borrowing jumps to £20.7bn; AstraZeneca announces $50bn US investment – business live

Rolling coverage of the latest economic and financial news, as inflation drives up cost of servicing UK national debt

Britain’s monthly borrowing in June would have paid for half a nuclear power station!

The UK government has, thiss morning, struck a deal worth more than £38bn with private investors to back Britain’s biggest nuclear project in a generation at the Sizewell C site on the Suffolk coast, my colleague Jillian Ambrose reports.

Continue reading...