UK budget deficit widened unexpectedly, but factory orders rise – business live

Business

Philip Hammond, Chancellor of the Exchequer, who presents the budget tomorrow

Over in the US, and another positive pointer for the country’s economy.

The Chicago Fed National Activity index – an average of several indicators of economic activity – rose from 0.36 in September to 0.65 in October, better than the 0.2 figure expected by analysts. The September number was also revised upwards from the initial reading of 0.17.

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18m ago14:02

20m ago14:01

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1h ago13:19

Lunchtime summary

Updated at 1.33pm GMT

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1h ago12:57

City disappointed by UK deficit figures

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2h ago12:49

Updated at 12.52pm GMT

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2h ago12:23

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3h ago11:32

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3h ago11:22

UK factories enjoy best month for new orders since 1988

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3h ago11:10

McDonnell: Tories failed to eliminate the deficit