Rolling coverage of the latest economic and financial news
Just in: the UK is on track to MISS its borrowing targets this financial year. The latest public finances, just released, show that Britain posted a smaller budget surplus than hoped in July. The gap between spending and borrowing came in at £1.3bn in July, down from a £3.5bn surplus a year ago. Economists had expected the national coffers to swell by £2.7bn, as July is a big month for self-assessment tax payments.
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