UK government borrowing rises in June

View previous topic View next topic Go down

UK government borrowing rises in June

Post by Sassy on Sat Jul 22, 2017 10:34 am

Government borrowing increased last month after the state was forced to pay higher interest on its debt.

Public sector net borrowing, excluding state-owned banks, rose to £6.9bn in June, up £2bn from a year earlier.

The government's debt costs jumped by more than a third in June from a year earlier after rising inflation pushed up interest on index-linked bonds.

For the financial year to date, borrowing is up £1.9bn to £22.8bn, the Office for National Statistics said.

The Office for Budget Responsibility (OBR) - the fiscal watchdog - has forecast that borrowing will be £58.3bn during the current financial year. In the financial year to March 2017, borrowing was £46.2bn according to the latest estimates from the ONS.

http://www.bbc.co.uk/news/business-40679277


As of this morning, the UK Debt Clock read £1,888,761,000 and rising by the second. http://www.nationaldebtclock.co.uk/

Trust the Tories with the economy? You have to be mad.
avatar
Sassy
Senior Member

Posts : 1870
Join date : 2014-08-06

Back to top Go down

Re: UK government borrowing rises in June

Post by Irn Bru on Sat Jul 22, 2017 10:58 am

They're bloody hopeless. They will blame Labour of course even though that was about 7 years ago And what they were spinning then was off the mark anyway. And now there really is no money left - well other than the odd billion or so paid out to bunch of terrorist sympathysers and outright homophobes to keep you in power Laughing
avatar
Irn Bru
Senior Member

Posts : 764
Join date : 2011-02-25
Location : Edinburgh

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum