Public Sector Finances, UK: December 2020 - Borrowing Hits Highest Since World War Tw

The Caithness Business Index has posted the following article:

Public Sector Finances, UK: December 2020 - Borrowing Hits Highest Since World War Two

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Public sector net borrowing (excluding public sector banks, PSNB ex) is estimated to have been £34.1 billion in December 2020, £28.2 billion more than in December 2019, which is both the highest December borrowing and the third-highest borrowing in any month since monthly records began in 1993. Central government tax receipts are estimated to have been £43.6 billion in December 2020 (on a national accounts basis), £1.4 billion less than in December 2019, with notable falls in taxes on production such as Value Added Tax (VAT) and Business Rates. [Read Full Article]