74580
UK Budget Deficit at  10-Year Low
UK Budget Deficit at  10-Year Low

UK Budget Deficit at 10-Year Low

UK Budget Deficit at 10-Year Low

Britain’s budget deficit fell last month to its lowest for any September in the past 10 years, a boost for under-pressure Chancellor Philip Hammond ahead of next month’s annual budget, Reuters reported. Last month’s deficit stood at £5.902 billion ($7.78 billion), down almost 11% compared with the same month last year, the Office for National Statistics said on Friday, citing figures that exclude state-controlled banks. The shortfall was much smaller than the median forecast of £6.5 billion in a Reuters poll of economists. September’s figures marked the third straight month in which the public finances performed better than analysts had expected, even as the prospect of Britain’s departure from the European Union has weighed on the overall economy. The figures will likely cheer Hammond, who has been told his job is at risk by supporters of Britain’s departure from the European Union, who think he is too negative and is starving other ministers of funds needed to prepare for Brexit.

 

Short URL : https://goo.gl/s8Qz7F
  1. https://goo.gl/2F8rPF
  • https://goo.gl/5YwyxF
  • https://goo.gl/UArXAR
  • https://goo.gl/AurDhz
  • https://goo.gl/zLqpMZ

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus