NewsBot
22-Jan-21, 13:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Public Sector Finances, UK: December 2020 - Borrowing Hits Highest Since World War Two
https://caithness-business.co.uk/image_cache/na13007_tn.jpg
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 (https://caithness-business.co.uk/article/13007)]
Public Sector Finances, UK: December 2020 - Borrowing Hits Highest Since World War Two
https://caithness-business.co.uk/image_cache/na13007_tn.jpg
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 (https://caithness-business.co.uk/article/13007)]