Category: News

Sep 22

Bumper tax revenues resulted in UK public borrowing lower than expected in August

The government’s borrowing bill was lower than expected last month as falling inflation and bumper tax revenues helped improve public finances. Figures from the Office for National Statistics showed that monthly public sector borrowing in August was £11.6 billion, below the £13 billion forecast by the government’s fiscal watchdog and just above the £11.1 billion […]
Sep 21

Bank of England maintains interest rate at 5.25%

The Bank of England has left its interest rate unchanged at 5.25%, a day after inflation unexpectedly fell by more than expected. The Bank’s monetary policy committee (MPC) voted 5-4 – the narrowest possible margin – to leave the cost of borrowing unchanged. Up until the inflation data was released on Wednesday morning, markets had […]