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In October, the Treasury Board wrote pencil for the year to ?149bn, public sector borrowing requirement at the bottom of ?154. 7bn year last picture: Alamy

But as Stephen Lewis to Monument Securities said on Tuesday, there is no place for schadenfreude here.

Elements of evidence which came with the publication of public finances in November, which show an alarming deterioration in the State of government spending.

Expenditure was much higher than expected and the Treasury Board gave only the frivolous explanation why. In October, the Treasury Board wrote to pen a requirement for borrowing by the public sector for the year to ￡ 149bn, down from ￡ 154. 7bn last year.

But analysts believe now, based on these latest figures November that progress could be wiped out.

It is not evidence of a Government which gained control of the situation, despite the rhetoric. At this rate of spending some departments may be executed funds before the end of the fiscal - little sign of Ministers in the control.

Figures a month, however, are not a trend, and since the ruling coalition there were other bad economic news in areas such as unemployment. These things can go from top to bottom.

But figures Tuesday, are a setback. They undermine the history of the coalition on the reduction of the deficit and the market responded accordingly, with books and gilts slip. Consumer confidence continues to be low, suggesting Street high expenses will be under severe pressure in 2011, especially with the VAT in January.

The concern is that as the economic picture worse, will represent a threat to the Government's income tax, the politicians are trying to simultaneously control spending despite their promises. It take several months as November code in an episode renewed nervousness about the United Kingdom finance markets.

The credit market and its sovereign debt rating UK based, already or less large extent on the credibility of the coalition. And this credibility has taken a knock these latest figures. Literally, the country cannot afford it shall reproduce several times.

Damian.Reece@Telegraph.co.UK

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Cheryl Cole smiling, nourishes her hair behind her shoulder and gently SIPs from a bottle of Evian.

Do not last favorite British red - hair dye advert or Evian advertising either - but the misconception that long ago that product placement could look like when it arrives at the United Kingdom. Simon Cowell and Cheryl Cole drink their drink preferred on X Factor judging panel have long cited as an example.

However, the rules and restrictions governing the placement of product do not allow undue prominence.

It is after all, the United Kingdom to United States where product placement is a form of advertising long and established (signal The Truman Show).

In fact, product placement may prove to be a strategic and regulatory nightmare for UK broadcasters.

After all, what exactly is undue prominence? Bottles of Coca-Cola or Evian on the X Factor panel judging is a clear example, but when you draw the line?

One can imagine only compliance team of ITV deliberation if Katie Price new book on the shelves of Coronation Street House is too important and rose. Or questioning if a box of Heinz baked beans in the workshop of Corrie was within the framework for too long. When you draw the line in terms of food, sweet or fatty - baked beans, after all, contain a quantity of sugar just.

The placement of the United Kingdom product could have proved lucrative revenue stream. However, the long list of rules and nervousness expected on what constitutes "undue prominence" attracted different assessment predictions. Some believe that British product placement market could be worth as little as 25 million pounds per year, while others believe that he could top 100 million from ￡.

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Il y a eu des fortes augmentations de la demande de presque chaque région vinicole fine majeure, surtout de Champagne

Bien que le 2009 Bordeaux En-Primeur et prix croissants ont contribué dans une certaine mesure, le marché britannique est le plus sain qu'il a été dans un certain nombre d'années.

En plus de Bordeaux, il y a eu augmentation forte demande pour presque chaque région vinicole fine majeure, surtout de Champagne.

UK acheteurs achètent bon vin comme un investissement tant à boire.

Ventes par le biais de sociétés d'investissement direct ont augmenté sensiblement mais pas hors de proportion au chiffre d'affaires global.

Ventes de croissances premières, à l'exclusion de Chateau Latour sont encore nettement inclinées vers l'Asie.

Demande de la Vintage très cher de 2009 a été principalement au Royaume-Uni et aussi a été significativement plus diversifiée que pour les trois campagnes précédentes.

? Gary Boom est directeur général de Bordeaux Index (http://www.bordeauxindex.com/)

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-L'OBR has raised its forecasts for 2010 United Kingdom 1. 2pc seen in June at 1. 8pc growth.

-For 2011, projected growth was revised down 3pc 2 to 2 1pc.

-2012, The forecast was lowered to 2 8pc 2 6pc.

-Effective Public sector will decrease by 330,000 over the next four years, rather than 490 000 expected to go .Environ jobs 30,000 are accounted by changes to the methodology of the OBR and approximately 130,000 to changes made to the Government since June budget spending plans.

-L'OBR says its central prediction is: "the economy will continue to retrieve the recession, but at a slower pace in the recoveries of the 1970s, 1980s and early 1990s."

-L'inflation will decrease the current annual rate of 3. 2pc 1. 9pc by 2012, the impact of the increase in next TVA and other factors temporary fluctuations below.

-Borrowings net public sector will be ￡ 148. 5bn in the exercise prices or 10pc of gross domestic product (GDP), ￡ billion lower than previously forecast.

-Forecasts for borrowing in 2011-2012 are slightly up to ￡ 117bn, the 116bn ￡ predicted in June.

-Debt net sector public will point to the GDP, 69 7pc in 2013/14, before shrinking to 67 2pc in 2015 16.La debt had already reached its peak at 70 3pc in 2013/14.

-However, in terms of cash, UK debt will keep climbing, hitting 1.32 trillion of ￡ in 2015/16.

-Unemployment will reach its peak year next to 8 1pc and fall a bit more 6pc by 2015.

-It has a chance to 70pc of meeting its mandate to eliminate the deficit by 2015-16.

-OBR Chief Robert Chote: "the bottom line of this is that we believe that planned by the Government finances sanitation is compatible with the medium-term objective which it is mounted on the existing data.

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With many companies feel still uncertain, employers are reluctant to take on new staff members and rely instead of this on freelance contracts photo: Alamy

There are 1.4 professional independent workers m and with many companies feeling still uncertain, employers are reluctant to take on new staff members and rely instead on freelance contracts.

The Labour Government considered freelanced as a disadvantage. Working alone or, increasingly, by the tax-efficient shelter of a limited liability company, fear of Whitehall was that their rapid emergence was a tax dodge.Yes, the tax system encourages companies employing people directly and use rather contractors indépendants.Mais then the tax system has failed to deal with this trend, preferring as it does collect jobs and income in payroll taxes. The result was the legislation changes IR35, which fortunately the coalition Government is committed to review.

Even David Cameron Tuesday clearly that self-employed workers are a dominant feature of a flexible labour market, a group which had come under sustained attack to working at the Office time. ""As we go about economic growth the Government is just getting behind them," said the first ministre.donc if we all.

Damian.Reece@Telegraph.co.UK

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In response to a BBC report which argued that the British Bankers' Association held talks to cut premium payments this year, the BBA has denied throughout these discussions took place and said UK pay guidelines are now among the most difficult in the world.

"The way that compensation is structured has radically altered to agreements of the G20 and the United Kingdom now has the hardest scheme, the BAA said in a statement." "" Outside the UK, the concern on premiums is much more limited or hardly exist in all.?

British banks and branches of international banks to the United Kingdom pay staff of several billion pounds bonus in the coming months that until they reach the end of their exercises.

Total of which will be distributed estimates vary, but it is likely to exceed ￡ emissions, although much of this will be probably delayed several years after the UK regulator clamped holding industry compensation in the wake of the financial crisis.

Season 2009 bonus ￡ has been paid by banks, increased over the previous year, despite a one-off bonus tax designed to reduce excessive payments United Kingdom taxation 25pc.

United Kingdom banks pay industry rules are already heavier than several other large banks with business-oriented markets on the British needed to implement the code in all of their global operations.

On the other hand, banks based in the United States need only comply with the rules for the North America and are also free to pay their employees based non United States as seem them.

HSBC and Standard Chartered has been the most virulent in their complaints about the current controls the payroll and say to the United Kingdom rules are unfairly impede their businesses.

Speaking last month, Stuart Gulliver, new CEO of HSBC, said that the Bank could already point several cases of losing staff in Hong Kong, because it is legally forbidden to offer guarantees for two years for employees in service, where such arrangements are commonplace.

Banks are particularly concerned that they could troll on Asian markets, like the India and China, with the United States and able to provide packages of remuneration that they are unable to match local competitors.

Leading figures and institutions in the industry warned that banks could leave London to avoid the rules relating to remuneration.

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Banks are signs of their field offset to refuse to handle financial transactions involving a British trade with Cuba to small business complaints and investigations by The Daily Telegraph.

Many business owners say they have had discussions more constructive with their bankers following their treatment when they have been advised of their accounts would be closed unless they have taken to stop the transfer of Cuban long customers and banks.

Banks have become nerve violate the minutiae of U.S. sanctions and, following heavy fines paid by Lloyds and Barclays to allegations of violations, have been reviewed and tightened controls on transactions in "hotspots."

United States attempts to extradite British leaders that it alleges breach sanctions or are "guilty" of other offences and the inability of the British Government to provide protection against extradition has been with banks.

Large UK companies have not experienced the same problems. TAB, for example, income from his Cuban tobacco company has been managed by its Brazilian subsidiary.

Complaints were filed by a number of companies with Department of Vince Cable innovation and skills (bis), as well as the authorities of the EU Affairs alleging that a number of banks have been guilty of violation because their commercial transactions are not covered by sanctions.

A officials are understood to have had informal contacts with banks.

Bath of Barrie, President of a company of agricultural Council small based in Tunbridge Wells, has mounted a strong campaign against the Cuban "ban" after being told by Lloyds TSB and Anglo Irish Bank would no longer treat payments from Cuba, found another bank willing to manipulate.Anglo Irish him that the Bank had to conform to the "requirements of international sanctions as applied to Cuba by OFAC (Office of foreign assets control) to the United States".

It continues to rely on its complaints BIS and the EU, but was now informed by Lloyd's, he may apply for an exemption from the policy of the seat.

If the Cuban bank violates not OFAC regulations or intercourse with the specially designated persons who may be either individuals, entities or of banks and Lloyds can be arranged to process that payment of Cuba provided in pounds sterling.

Mr. Bain said yesterday: "they seem to be, limited YH 'I him that we do much more business from our new banks since they seem to be more interested in providing a service that Lloyd's."

David Barrow, CEO of Stockport Aviation accounting solutions, database joined Mr. Bain protests at the bis after the closure of the Bank of Scotland, another part of the Lloyd's Banking Group, his account due to its refusal to give a firm on the transfer of Cuban payments to his account.

He said: "I believe that they have been incredibly petty. someone apparently réagi.Je am disgusted of what they have done without justification avertissement.Les Cubans were fantastic and I am now in discussion with another bank."

Lloyd's stated that he "wants to comply with laws and regulations" in the country in which he évolue.Il said: "This is political Lloyds TSB to automatically close accounts or refuse transactions to clients who have relations with Cuba."

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The energy sector has launched the United Kingdom first wind turbine system of learning. Photo: PA

Of 20 trainees will participate in the first pilot project, launched Tuesday, which is designed to be deployed to other employers in the sector of electricity over the next 12 months .the ' learning has been designed in collaboration with RenewableUK, trade wind energy agency and the city & guilds College.

Siemens United Kingdom, the first offshore wind farm provider stated that he intended to double its renewable energy workforce in 2013 and the new schema learning wind power has been an essential element of the requisite skills.

The news comes after that Siemens and two other manufacturers of wind turbines, GE and Gamesa, described proposals week last to invest up to 300 m ￡ in the manufacture of wind at the offshore to United Kingdom, which could create jobs more than 3 000.

Christoph Ehlers, head of Siemens Wind Power UK, said: "we want to build lasting career of young offer in the wind industry." We already provide lots of training by our wind power training centre dedicated to Newcastle, but the new regime complete this.?

Hawthorn, Bill Weir Power and industrial exploitation project Director stated: "always a lack of availability of wind turbine technicians trained and competent is highlighted as a concern in the industry."This program developed by the industry to help alleviate this problem lends credibility at maturity of the wind industry.?

A number of employers in the sector of energy, including Centrica, National Grid and EDF Energy, warned in recent weeks that enough young step are interested in a career in French poll conducted by Centrica published in August found more than half the level and students would consider not a career in science, technology or energy, rather encouraging media and entertainment jobs.

But with the 70pc of current effective nuclear United Kingdom single set be removed by 2025, employers have warned the energy industry will not be able to create the next generation of engineers, unless it ensures that more young people are interested in working for the sector.

The UK wind industry predicted 60,000 jobs in the next decade, according to RenewableUK.Vent should also to take account of what electricity by 2020, compared to 5MC as it is today, said Trade Organization United Kingdom 30pc.

RenewableUK Chief Executive, Maria McCaffery, said: "A compelling increase in the number of employees needed to fuel this growth, such as learning training initiatives are absolutely crucial.

Your vision: the private sector Can create enough jobs?

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We asked fund analyst Citywire.co.uk to unearth the most wanted fund managers – those who had achieved and maintained a high rating over the past three years.

Jonathan Miller, the head of research for Citywire, said: "Fewer than 20pc of the 1,200 managers tracked by us receive a rating each month. This takes into account the risk taken to beat their index over three years.

"This research has found those best at maintaining a Citywire rating during unprecedented market extremes. Fund managers who have been able to navigate through this period with consistent performance stand out from the crowd, and are ones I believe are worth backing for the long term."

Below we examine these magnificent seven – one for each of the most popular investment sectors. We give their current Citywire rating and see how they've performed over the past five, three and one years, based on ￡1,000 invested, according to Morningstar.co.uk

M & G Recovery

5-year performance: ￡1,530

3-year performance: ￡1,029

1-year performance: ￡1,082

Current Citywire rating: AA

Thomas Dobell is one of the most consistent performers of the past three years. Rated by Citywire for every one of the 36 months to the end of August, Mr Dobell has also ranked in the top quartile (top 25pc) of his peers when looking at performance over the past five and three years.

He has managed the Recovery fund since 2000. The fund is the largest the UK All Companies sector, with ￡5.4bn under management.

Choosing to invest heavily in commodities has paid off for Mr Dobell, despite the sector's unpredictability and the recent oil spill in the Gulf of Mexico. The fund's five biggest holdings still feature BP, Tullow Oil and Royal Dutch Shell.

In total, oil and gas make up more than a fifth of his portfolio, which also has 14pc in basic materials. Thirteen per cent of the fund is invested in industrials, and there is also a sizeable allocation to consumer services and financials.

Before joining M & G Mr Dobell worked for Phillips & Drew, in the charity and pension fund division.

Threadneedle UK Equity Income

5-year performance: ￡1,295

3-year performance: ￡956

1-year performance: ￡1,077

Current Citywire rating: AA

Leigh Harrison has managed Threadneedle's equity income fund since March 2006. He joined from Credit Suisse, where he worked under Bill Mott, one of Britain's longest standing equity income managers.

Mr Harrison has a reputation for being a cautious investor, but his approach has paid off – over the past three years his fund has returned nearly 3pc, an impressive feat considering that the index has lost 14pc.

Previously a stockbroker, Mr Harrison prefers a bottom-up approach to stock picking and has a diverse portfolio including 22pc in industrials, 18pc in consumer services and almost equal weightings in consumer goods, health care and financials.

His two biggest stocks are pharmaceuticals GlaxoSmithKline and AstraZeneca, while Royal Dutch Shell, British American Tobacco and BT make up the rest of the top five.

The fund has ￡700m under management and Mr Harrison is looking to invest more in small and medium-sized companies with global exposure, as he believes that, should we enter a double dip, these companies will be least affected.

Aberdeen Emerging Markets

5-year performance: ￡2,484

3-year performance: ￡1,479

1-year performance: ￡1,243

Current Citywire rating: AA

In the first half of this year, Devan Kaloo and his 18-strong team managed to return 8.5pc – leaving the MSCI index, up by 1.4pc over the same period, trailing in the fund's wake. Mr Kaloo is head of global emerging markets at Aberdeen, where he has been since 2001.

He has recently launched the Aberdeen Latin American Income fund and his Emerging Markets fund has a bias in this region, with 18pc invested in Brazil. The second biggest regional holding is Hong Kong and China with 14pc, followed by India on 12pc and then Mexico, where he is 7pc invested.

In the run-up to the recent Brazilian presidential elections, Mr Kaloo was vocal about the region, saying it was no longer just "a play on the world's thirst for raw materials".

Mr Kaloo likes financials, investing the largest chunk of his portfolio, 28pc, in the sector, as well as about 10pc in oil and gas, consumer services, consumer goods and technology.

Every year, Mr Kaloo and his team travel the world meeting more than 1,000 different companies in order to assess whether they are suitable to be selected for the fund. Mr Kaloo credits this personal approach for the outstanding performance of the fund in the past decade.

Jupiter Financial Opportunities

5-year performance: ￡1,470

3-year performance: ￡1,080

1-year performance: ￡847

Current Citywire rating: AAA

Philip Gibbs was the one fund manager John Duffield couldn't prise away from Jupiter when he left the company he founded to set up New Star. But this quiet, cricket-loving fund manager is a firm favourite among financial advisers.

Mr Gibbs has never failed to receive a Citywire rating and has outperformed his sector in nine of the past 10 years.

In June Mr Gibbs was joined on the Financial Opportunities fund by Guy de Blonay, formerly of New Star, and the two dramatically reduced the fund's US weighting as Mr Gibbs worried about unemployment figures and a less than roaring economic recovery.

At the same time the pair increased the fund's exposure to Chinese financials, with Bank of China and Industrial & Commercial Bank of China moving into the fund's top 10 holdings.

Mr Gibbs also manages the Jupiter Absolute Return fund. Such is his reputation that this fund has winged its way on to financial advisers' recommended lists even though it has little track record to speak of.

M & G Strategic Corp Bond

5-year performance: ￡1,427

3-year performance: ￡1,397

1-year performance: ￡1,083

Current Citywire rating: A

Richard Woolnough is a fixed interest stalwart who has been managing money since 1987.

The reputation he built at Old Mutual, where he managed equities, brings "a different angle to his approach to investing in fixed interest", according to Justine Fearns of AWD Chase de Vere.

When markets were down in 2007 and 2008, the most the strategic corporate bond fund lost was 5.2pc – one of the lowest levels of loss in the sector.

This fund is free to invest up to 20pc in global and other UK bond markets, although currently 99pc of the fund is in UK fixed income, with the remaining 1pc in cash.

Ninety-two per cent of the fund is invested in corporate bonds, and 7pc is invested in gilts.

Ms Fearns recommends this fund, and AWD Chase de Vere holds it in its clients' portfolios. She added: "Mr Woolnough's track record at M & G is very impressive and with the investment freedom afforded by M & G, within a risk-managed environment with the support of a large number of analysts, this should help him continue to deliver."

First State Greater China Growth

5-year performance: ￡2,692

3-year performance: ￡1,257

1-year performance: ￡1,223

Current Citywire rating: AA

Like Mr Gibbs, Mr Lau has never failed to receive a Citywire rating, and he has outperformed the Golden Dragon index, which is a composite of the China, Hong Kong and Taiwan indices, in every one of the past five years – generating returns of 175pc.

Martin Lau was appointed director of greater china equities in October 2003 following the merger of the Edinburgh-based Asia Pacific team with the Hong Kong and Singapore Asian teams in September 2003.

Mr Lau joined First State Investments in April 2002 from Invesco, where he managed the Greater China funds, Smaller Companies fund and regional portfolios.

However, Mr Lau is uncertain about the region's future, believing it to be overhyped and over-invested – which threatens China's short-term growth.

He also worries about the slowing demand for technology and considers Chinese property prices to be unsustainable.

Neptune European Opportunities

5-year performance: ￡1,591

3-year performance: ￡974

1-year performance: ￡951

Current Citywire rating: A

Rob Burnett joined Neptune in 2002 as an analyst, but quickly rose through the ranks to become manager of its flagship fund, the Neptune European Opportunities, less than three years later.

Mr Burnett has beaten the market in four of the past five years, and is fast becoming one of the heavyweights of the European equities world.

In the second quarter of this year, the FTSE Europe ex UK index took a big hit, falling by 14.4pc, so Mr Burnett's fund did well to lose about half that at minus 7.6pc.

Mr Burnett has been increasing exposure to the telecoms sector during the past few months and it now makes up 20pc of his ￡960m portfolio. His strategy of avoiding cyclical companies is also shown by the allocation to energy falling from 7.2pc at the end of March to less than 1pc now.

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