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
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.