Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

Britain's budget deficit dropped in September, supported by strong growth in income and sales taxes.

The shortfall narrowed in September to its lowest level for that month in a decade, which underlines the latest trend that could provide UK Chancellor Philip Hammond with fiscal room when he announces the Autumn Statement in November.

Public sector net borrowing, excluding banks, stood at £5.9 billion, lower from £6.6 billion the previous year and the smallest for the month in a decade, according to the Office for National Statistics.

Receipts rose 3.4 percent year-on-year, with income tax higher by 3.2 percent and value-added tax climbing 3.6 percent. There was a 20 percent rise in stamp duty on property transactions.

For the fiscal year that started in April 2017, net borrowing is down £2.5 billion to £32.5 billion, marking the lowest year to date level since 2007.

The ONS highlighted that the Office for Budget Responsibility has forecast that public sector borrowing will be £58.3 billion in the current fiscal year, higher by £12.6 billion from 2016.

According to the U.K. Treasury, the government has made “great progress” on the shortfall, but more needs to be done in order to reduce borrowing.

The Office for Budget Responsibility will update the figures in November.

The recent fiscal report showed income added 3.8 percent in the April-September period. In the six months, debt payments increased by nearly 16 percent due to quicker inflation pulling up the cost of servicing index-linked government bonds.

Tags: UK

Related news

Britain's construction industry held on to its modest recuperation from a hit during the snowy beginning to the year, but concerns about Brexit are causing some projects to be stalled, according to a survey released on Monday.

The IHS/CIPS UK Construction Purchasing Managers' Index clocked in at 52.5, unchanged from April's modest growth rate following a significant contraction in March.

The figures were higher than the estimated 51.9 by economists in a Reuters poll. Construction represents only around 6 percent of the UK's economic output.

New order books contracted for the fourth consecutive time in five months with firms citing the political and economic uncertainty before Britain's departure from the European Union in March 2019. Optimism regarding growth prospects declined to a seven-month low. Another factor causing concerns for builders are the higher fuel and steel prices that drove up input costs.

A PMI survey including Britain's manufacturers, which was released on Friday, indicated growth in the factory sector accelerated in May but had signs of weakness in the near future.

The Bank of England is searching for indications that the Britain's economic growth standstill in early 2018 was only short-lived before it reconsiders its plan to gradually hike interest rates.

Tags: UK

Declining business investment and the weakest household spending growth in over three years recorded a bad start to 2018 for Britain's economy, as official data recently showed that the UK nearly stagnated.

The Office for National Statistics confirmed its previous estimate that GDP growth tumbled to 0.1 percent in the first quarter, while sticking to its view that the “beast from the east” had little impact. The ONS said it saw a longer-term pattern of slowing growth, especially among consumers who were hit by a rise in inflation after the 2016 Brexit vote.

The figures show the services industries contributed the most to GDP growth, with a rise of 0.3 percent in the first quarter, while household spending grew at a paltry 0.2 percent. The construction industry fell by 2.7 percent and business investment dropped 0.2 percent.

The latest figures will further fuel concerns over the strength of the UK economy, amid growing signals for deteriorating growth as Britain prepares to leave the EU in 2019. Some economists, including officials at the Bank of England, thought the growth rate would be revised higher as more data became available.

Business investment fell by 0.2 percent quarter-on-quarter, its worst performance since mid-2015, the ONS said. Net trade failed to contribute to growth and household spending slightly increased by only 0.2 percent on the quarter, the weakest increase since the fourth quarter of 2014.

Earlier this month the BoE said it expected growth in the first quarter would eventually be revised up to 0.3 percent. It has pencilled in quarterly growth of 0.4 percent for the current April to June period.

Following the release of weak first-quarter figures from the ONS, the BoE slashed its forecast for annual average growth in 2018 to 1.4 percent from 1.8 percent previously

Sterling and British government bonds were little changed by the data.

Tags: UK
2018.05.24 00:31:00 UTC+00

UK Inflation Drops in April

UK inflation suddenly dropped further in April to its lowest level in over a year as lower airfares provided some relief for cash-strapped Britons. Following the release of the data, the pound slumped to its lowest level in 2018.

According to data from the Office for National Statistics, the annual change in the consumer price index declined to 2.4 percent during the month of April, from 2.5 percent in March. Economists had forecast it would remain unchanged.

Sterling fell following the release, with the pound trading down as much as one percent versus the dollar to around $1.3303, the lowest level since December 2017.

This decline will be welcomed by consumers under sharp pressure from rising prices since the Brexit vote, when a sudden drop in the value of the pound pushed up the cost of imported goods. While the impact from sterling's fall has started to fade, economists reckoned higher fuel prices would force inflation to remain above the Bank of England's target of 2 percent.

The ONS said airfares provided the biggest downward contribution for inflation, although it warned this was primarily down to Easter falling early in the month – a factor that could distort the inflation reading. Lower airfare prices were partially offset by rising petrol prices during the month.

Chancellor Philip Hammond welcomed the fall in inflation, saying on Twitter: “Good news on inflation this morning — it fell to 2.4 percent in April and is expected to keep falling. With wages going up that means more money in people's pockets.”

Tags: UK