The Trader 

Market Outlook: UK beats budget

The Trader

Rather than the £45 billion estimated by the office for Budget Responsibility, in the tax year to March 2018 Britain borrowed £40.5 billion, the lowest since March 2007.   Kicking off this tax year net borrowing in April was £1.6 billion, less than this time last year, and the lowest since April 2008.  OBR estimates that in this tax year public sector borrowing will drop to £37.1 billion, a quarter of 2010’s peak.

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