Latest data released by ONS – 21 August 2019
- Prior £6.5 billion; revised to £5.7 billion
- PSNB (ex banks) -£1.3 billion vs -£2.9 billion expected
- Prior £7.2 billion; revised to £6.3 billion
- PSNCR -£13.5 billion
- Prior £15.2 billion
Looking at the details, the UK budget deficit is seen soaring in the first four months of the fiscal year. The deficit sits at £16 billion between April to July, which is 60% more than the same period in the last fiscal year.
If anything else, that just goes to show that the economic downturn is taking a bit of a toll with spending rising much, much faster than the pace of revenue.