Different views point to uncertain prospects for the UK economy justicenewsflash.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justicenewsflash.com Daily Mail and Mail on Sunday newspapers.
With the reopening of the UK economy, public sector borrowing fell in June justicenewsflash.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justicenewsflash.com Daily Mail and Mail on Sunday newspapers.
'It cannot be right that people in Wales should have to pay so much more' leaderlive.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderlive.co.uk Daily Mail and Mail on Sunday newspapers.
Due to the increase in public spending and limited tax revenue due to Covid-19 restrictions, the amount of borrowing by the British government in April exceeded economists’ expectations.
Data released by the National Bureau of Statistics on Tuesday showed that net public sector borrowing, excluding public sector banks, was estimated at 31.7 billion pounds last month.
This figure is the first figure for the 2021/2022 fiscal year, the second highest record of borrowing in April since the monthly record began in 1993, but it was 15.6 billion pounds less than the same month last year. The figure is higher than the 30.9 billion pounds expected by economists surveyed by Reuters, but lower than the 39 billion pounds estimated by the Office of Budget Responsibility.