Arab Today, arab today uk borrowing drops in september
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

UK borrowing drops in September

Arab Today, arab today

Arab Today, arab today UK borrowing drops in September

London - AFP

British state borrowing shrank by more than expected in September, official data showed on Friday, boosting the coalition government\'s deficit reduction plans. Public sector net borrowing -- the state\'s preferred measure of the public finances -- fell to £14.1 billion (16.2 billion euros, $22.2 billion) last month, the Office for National Statistics (ONS) said in a statement. The figure, which excludes the effects of bank bailouts, compared with net borrowing of £15.4 billion in September 2010. Market expectations had been for borrowing of £14.5 billion, according to analysts polled by Dow Jones Newswires. The government\'s coffers were lifted last month as taxation receipts climbed 4.2 percent to £40 billion. In addition, the ONS also revised down the government\'s borrowing for August to £13.7 billion. That leaves the Conservative-Liberal Democrat coalition government on course to meet its official 2011/2012 forecast for annual borrowing of £122 billion, according to economists. \"September\'s public finances figures suggest that the chance that the government actually manages to bring borrowing down in line with its fiscal plans has increased,\" said Samuel Tombs at the Capital Economics consultancy. He added: \"On current trends, borrowing is now broadly on track to meet the full-year forecast of £122 billion.\" However, the flat economy and rising unemployment could sap taxation revenues and lower the government\'s chances of hitting the target. \"The September public finance figures provided some very welcome good news for George Osborne as they came in below expectations and showed improvement on 2010,\" noted IHS Global Insight economist Howard Archer. \"Furthermore, the Chancellor is currently on track to meet his full year fiscal targets, although the weakness of the economy and rising job losses suggest that he will have a major battle over the second half of the fiscal year to achieve his goals.\" The coalition is seeking to cut public spending and lift taxation in order to slash the deficit, amid wider tensions on financial markets over sky-high sovereign debt levels in the eurozone and the United States.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk borrowing drops in september Arab Today, arab today uk borrowing drops in september

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk borrowing drops in september Arab Today, arab today uk borrowing drops in september

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday