Wednesday, August 21, 2013
I’m not surprised – anyone on here not surprised?
The UK public sector recorded a small but unexpected deficit in July. Public sector net borrowing, excluding the cost of financial interventions, totalled Â£62m, according to the Office for National Statistics (ONS). In the past two years, corporate and income tax receipts pushed the public purse into a July surplus, and markets expected a Â£2.5bn surplus this time.