Government borrowing higher than expected in November
https://i.guim.co.uk/img/media/c6e5800f3d86721dfab388f74a825bbfe1923afc/86_304_3032_1819/master/3032.jpg?w=620&q=55&auto=format&usm=12&fit=max&s=c2e5f9e9a45a3c41cf4f973a9ce319a2
Authorities borrowing was greater than expected for £ 12.6 billion November, as rising income tax revenue has slowed in contrast to the prior month. Recognized data showed that income tax revenues increased by just 1.1 %, after a number of yrs of sustained progress of three % plus, to stop the UK's budget deficit fall in pace Analyst City. Economists surveyed to Reuters, expected the borrowing just £ 12.1bn. But the borrowing price of November was lower compared to previous year's £ 13.2 Treasury and set on course to get the aim of the modified Office for Budget Responsibility for borrowing by the conclusion of the season.
Full article
https://www.theguardian.com/business/2016/dec/21/goverment-borrowing-higher-than-expected-income-tax-receipts-slow
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