UK news
fromwww.bbc.com
2 days agoGovernment borrowing higher than expected in February
UK government borrowing rose to 14.3bn in February, the second highest for that month, due to increased spending outweighing tax receipts.
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.