Hunt handed £19.8bn borrowing boost - latest updates
The Government borrowed £19. The UK government has borrowed £19.8bn less than official figures had predicted in the first six months of the year, boosting hopes for tax cuts before the next election. Public sector net borrowing excluding banks in the same period was £81.7bn, £15.3bn more than the same six-month period last year. However, it was £19,8bn lower than the £101.5bn forecast by the Office for Budget Responsibility (OBR) in March. Total borrowing excluding public sector banks was £14.3 billion in September, making it the sixth highest borrowing since monthly records began in 1993.
प्रकाशित : 2 साल पहले द्वारा Chris Price में Business
The Government borrowed £19.8bn less than official figures had predicted in the first six months of the year in a boost to hopes for tax cuts before the next election.
Public sector net borrowing excluding banks in the first half of the financial year stood at was £81.7bn, which was £15.3bn more than in the same six-month period last year.
However, it was £19.8bn less than the £101.5bn forecast by the Office for Budget Responsibility (OBR) in March.
In September, total public sector net borrowing excluding public sector banks was £14.3bn, up from £11.6bn the previous month.
It was £1.6bn less than the same month last year and the sixth highest September borrowing since monthly records began in 1993.
It also came in below the consensus expectation of £18.3bn and was £6.2bn less than the OBR forecast back in March.