Government borrowing was at its second-highest stage for March since information started in 1993 because the Chancellor’s vitality help invoice racked up.
Puiblic sector borrowing stood at £21.5bn in March, which was £16.3bn greater than in the identical month a yr in the past.
5 issues to begin your day
1) I can not rule out closing CBI, says head of scandal-hit foyer group | Brian McBride suggests organisation could also be past saving following rape allegations in opposition to unnamed managers
2) Britain and EU vow to guard wind farms from Putin’s sabotage | Western leaders talk about drone process pressure to guard essential North Sea infrastructure
3) CBI admits harbouring ‘toxic’ sexual predators after damning report | Lobbying group apologises for letting employees down over sexual assault allegations
4) Software glitch blocked Government alert from reaching hundreds of thousands of Three clients | Network supplier criticised after hundreds of thousands didn’t obtain the 10-second alert
5) ‘No point’ speaking to CBI after intercourse assault scandal, says Hunt | Comments sign the Government has given up on largest enterprise foyer group
What occurred in a single day
Stocks fell broadly and the US greenback additionally weakened, reflecting buyers’ uncertainty in a busy week for company earnings and financial knowledge.
MSCI’s broadest index of Asia-Pacific shares outdoors Japan was down 1.2pc. Markets in Australia and New Zealand are shut for a vacation.
Wall Street shares have been combined on the finish of a uneven session Monday, forward of excessive profile quarterly earnings and intently watched financial knowledge within the coming days.
The Dow Jones Industrial Average completed 0.2pc greater at 33,875.40. The broad-based S&P 500 added 0.1pc at 4,137.04, whereas the tech-rich Nasdaq Composite Index dipped 0.3pc to 12,037.20.
The yield of the benchmark 10-year Treasury dipped to 3.5034computer, down from 3.572computer late on Friday.