Your Search Returned 2 tagged news reports
The figure was much worse than the £500m deficit expected by analysts, and comes as the recession continues to reduce the government's tax returns. July is typically a month of surplus, due to corporate tax payments. In April's budget, the Chancellor,...
Tags: public finances, net borrowing, tax revenues, public sector, sector net, Britain, THE Treasury, The Treasury, recorded began, official data
The British government borrowed a net total of 13 billion pounds ($21.4 billion) in June, raising national debt to 56.6 percent of GDP as tax receipts slumped amid the recession, the Office for National Statistics said Tuesday. The debt figure was lower...
Tags: public sector, tax receipts, billion pounds, net borrowing, Office for National Statistics, government borrowing, Treasury, sector net