UK factories plan price hikes; IMF backs support over energy prices – business live

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UK government borrowing fell in December thanks to a rise in tax receipts, despite a jump in the cost of repaying the national debt.

Public sector net borrowing, excluding state banks, dropped to £16.8bn last month, less than expected. That’s £7.6bn less than in December 2020, as the economy recovers from the impact of the pandemic.

It’s the fourth-highest December borrowing since monthly records began in 1993 (the UK borrowed more in both December 2009 and 2010 during the economic downturn

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L&T Building luggage massive order for buildings, factories enterprise

Larsen & Toubro (L&T) on Tuesday stated its development arm has bagged a big order for its buildings and factories enterprise from the Odisha authorities to assemble scientific blocks and allied infrastructure for a hospital in Cuttack.

The period of the engineering, procurement, and development (EPC) challenge is 30 months, the corporate stated in a press release.

The challenge entails development of 4 scientific blocks comprising composite structural techniques and different ancillary buildings.

The ability will cowl specialty departments resembling neurology, nephrology, endocrinology, gastroenterology, hematology, hepatology, cardiology,

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