Britain’s budget deficit unexpectedly increased in April
|05/23/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Public sector net borrowing increased by £1.2 billion in April compared to the same time in 2016, the latest figures from the Office for National Statistics released on Tuesday showed.
“Public sector net borrowing (excluding public sector banks) increased by £1.2 billion to £10.4 billion in April 2017, compared with April 2016; this is the highest April borrowing since 2014,” the ONS said in a data release.
Economists polled before the release forecast a deficit of £8.9 billion.
While on a monthly basis the deficit increased, on an annualised basis, the deficit fell in the financial year ending in March read more >>>