BGN Entrepreneur

Thanks to the stronger corporate tax receipts, it is revealed that the public borrowing rose less in July than 2009.
The news offers a sign that the UK’s finances are improving as the government prepares for its spending review this fall. As a result, the net borrowing was GBP 3.8 billion in July, which well down [...]

Normally, July is a strong month for the public purse because it includes a quarterly corporation tax bill.
However, this year, public sector borrowing has hit £8bn in July, which is much worse than the £500m deficit expected by analysts. The Office for National Statistics report indicated that due to plummeting tax receipts, public sector net [...]