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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Ex-World Financial institution official defends Georgieva as journal requires her ouster at IMF

Worldwide Financial Fund (IMF) Managing Director Kristalina Georgieva makes remarks at a gap information convention through the IMF and World Financial institution’s 2019 Annual Fall Conferences of finance ministers and financial institution governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler/File Picture

WASHINGTON, Sept 23 (Reuters) – A former World Financial institution official who ready studies on the heart of a data-rigging scandal that aided China defended IMF chief Kristalina Georgieva on Thursday because the Economist journal known as for her to resign over her alleged position within the controversy.

Shanta Devarajan, who helped oversee the World Financial institution’s “Doing

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