The Trader 

Market Outlook: Chuffed UK Chancellor

The Trader

Data from the Office for National Statistics yesterday said that January 2018 saw a record £14.9 billion surplus to government borrowing, a £5.6 billion increase from this time last year. This puts the budget deficit so far in this fiscal year at £21.2 billion, its smallest gap since 2001 and £18.5 billion less than last year. Driven by self-assessment of combined income and capital gains tax, these total receipts stood at £21.4 billion, up £3.1 billion since this time last year. City AM reports that an economist at PwC noted that ‘public finances have been immune to the adverse effects of Brexit-related uncertainty’ and that ‘earnings from employment and consumer spending held up better in the last 10 months’.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now