News Source: The Scotsman
| 3 months ago
THE Treasury was forced to borrow a record £8 billion to keep public services running last month, as the UK's national debt hit an all-time high. In the first quarter of this year, net borrowing soared by £49.7bn, compared with £15.9bn last...
News Source: Times Online
| 3 months ago
The Treasury said the figures were in line with its expectations and that the public finance data reflected what it knew at the time of the Budget — that the world was in a steep recession and this affected public finances in the UK.The recession...
News Source: Times Online
| 3 months ago
Worried about yesterday’s awful public finance figures?...Because, according to the Chancellor, the figures are “broadly in line with where we expect them to be”. Well, quite, except that, one third of the way through the current financial year,...
News Source: The independent
| 3 months ago
Britain's public finances plunged further into deficit last month – usually a period when the Treasury sees an inflow of funds. Compared with the £5.2bn positive contribution to the public finances recorded in July 2008, this year saw a net...
News Source: Jang.com.pk
| 3 months ago
Britain's public finances dived into the red last month, suffering the worst July deficit on record as a deep recession hammered the government's tax revenue, official data showed on Thursday...That was the first July deficit for 13 years and the...
News Source: Guardian Unlimited
| 3 months ago
VAT holiday over as tax revenue collapses • Rate will return to 17.5% from start of next year • Annual deficit likely to exceed £175bn forecast The Treasury dashed hopes of an extension to the government's VAT holiday tonight after the latest...