UK July public sector net borrowing -£2.0 billion vs -£3.4 billion expected


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.

Products You May Like

Articles You May Like

European open – Fed, repo, gold, oil
3 REITs Yielding Up To 11% (With Upside)
දවසට රු 180 ඉදන් රු 30000-40000 හොයන – Forex trading|Forex strategies sinhala edition 2019
Top 3 price prediction Bitcoin, Ethereum and Ripple: Altcoin’s recovery outpacing Bitcoin – Confluence Detector
Fed Recap: Hawkish Statement and Dots, Neutral Presser; More cuts are still coming

Leave a Reply

Your email address will not be published. Required fields are marked *