Bleak UK shopping and borrowing data underscore challenge for new PM

Bleak UK shopping and borrowing data underscore challenge for new PM

British shoppers cut their spending sharply last month and their confidence is close to record lows, underscoring the challenge facing the next prime minister who must also take painful measures to slow fast-rising public borrowing. Data published on Friday added to signs that Britain‘s economy faces a recession which could be deepened by new finance … Read more