Public finances still rising as a proportion of GDP despite unexpectedly strong figures for AugustBritain’s public sector spending deficit dropped to its lowest August total since 2007 after an increase in VAT revenues and a squeeze on local authority borrowing.
The deficit in August stood at £5.7bn,down 18% compared with the same month last year, beating forecasts of £7.1bn in a Reuters poll of economists. Related: UK public finances beat forecasts, and as Ryanair boss apologises over cancellations – commerce live Continue reading...
Source: theguardian.com