Buzz People

Government finances weaker than expected in July

The UK posted a smaller-than-expected budget surplus in July as government spending increased.
The lower July surplus leaves the government finances in a weaker position overall for the first four months of this financial year.
That raises questions over prime minister Boris Johnson's room for fulfilling promises over tax cuts and more spending.
Borrowing so far this year has grown to £16bn, an increase of 60% on last year.

bbc.co.uk/news/business-49418751
Register Now