UK Government Borrowing Falls But still Above Expectations

British government borrowing last month fell by less than expected but was the lowest June figure for seven years, the latest sign that the pick-up in the economy is helping the public finances.

Britain’s headline public borrowing fell to £9.4bn in June from £10.2bn a year earlier, the Office for National Statistics said on Tuesday. However, economists had forecast a figure of £8.5bn.

For the first three months of the 2015/16 tax year, public sector net borrowing was £25.1bn, down nearly 20% on the April-June period of last year and its lowest for the same period since the 2008-09 financial year.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza