Public sector pay rises have helped fuel a surge in Treasury borrowing as Rachel Reeves scrambles to fill a £40bn black hole in public finances. Public sector net borrowing excluding banks stood at £79.6bn in the six months to September, which was £1.2bn more than at the same point last year, according to the Office for National Statistics. In September …
Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand would stutter just as major oil producers are set to raise output in August. Both benchmark contracts hovered around unchanged levels after having jumped on Wednesday after the US Energy Information Administration reported a sharp, unexpected 10.6 million barrel …
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