The UK budget deficit narrowed more than estimated in December on higher receipts and falling spending, giving room for the Chancellor to provide giveaways in the March budget ahead of elections.
The UK budget deficit narrowed in December, figures from the Office for National Statistics showed on Tuesday. Public sector net borrowing excluding public sector banks declined GBP 8.
The UK budget deficit widened sharply to the second highest level for the month of March taking the overall borrowing for the financial year ending March 2023 to the fourth biggest on record, official data revealed Tuesday.
The UK budget deficit increased more than expected to its highest February level due to huge spending on energy support schemes, the Office for National Statistics reported Tuesday.