fromLondon Business News | Londonlovesbusiness.com
16 hours agoChancellor may have been thrown a life line as public borrowing falls - London Business News | Londonlovesbusiness.com
UK public sector borrowing dropped to £1.1bn in July, the lowest July borrowing for three years, as stronger tax revenues slowed the increase in public borrowing. The uplift in receipts was largely driven by a better-than-expected economic performance in the first half of the year. Despite this improvement, borrowing for the financial year to date remains £6.7bn higher than the same period last year.
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