In the Fittie Bar next to Aberdeen’s industrial harbor, where North Sea oil workers come to drink between stints offshore, the debate over Scottish independence is raging.
Britain’s top credit rating is more secure at Standard & Poor’s after the company raised its outlook, citing the impact the recovery will have on the government’s finances.
The fight over Scotland’s future escalated as the U.K. government and nationalists grappled over the cost of setting up an independent state and traded accusations of myths and bogus statistics.
U.K. government bonds posted a weekly decline, with the 10-year yield rising the most in three months, as signs the recovery is strengthening damped demand for fixed- income securities.
U.K. Chancellor of the Exchequer George Osborne achieved his deficit-reduction forecast in the latest fiscal year after stronger-than-expected growth boosted tax receipts.
The U.K. Treasury was too optimistic about economic growth under the previous Labour government and forecasting errors were magnified during the financial crisis, a research group said.
Chancellor of the Exchequer George Osborne said the U.K. economy will grow more than previously forecast and announced help for savers and pensioners as he set out his penultimate budget before the 2015 election.
Current-account and fiscal deficits as well as growing political risks may prove a “toxic cocktail” for the pound’s world-beating gains, according to Royal Bank of Scotland Group Plc.
Employers in the U.S. probably expanded payrolls in April by the most in five months, adding to evidence the world’s largest economy is springing back from a weak start to the year.