NewsBot
03-Feb-23, 01:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Record Borrowing In December Shows Britain Is Far From Out Of The Woods
Recent glimmers of good economic news have yet to feed into the public finances, with borrowing in December around £4 billion higher than market expectations, and nearly £10 billion higher than OBR forecasts (due in partly to the treatment of student loans), the Resolution Foundation said in response to the latest ONS public sector finances. Borrowing reached £27.4 billion in December - the highest December figure since monthly records began in January 1993 – driven by extra spending on the Energy Price Guarantee (EPG) and a jump in debt-interest costs, reflecting the impact of higher inflation on index-linked gilts. [Read Full Article (https://caithness-business.co.uk/article/19140)]
Record Borrowing In December Shows Britain Is Far From Out Of The Woods
Recent glimmers of good economic news have yet to feed into the public finances, with borrowing in December around £4 billion higher than market expectations, and nearly £10 billion higher than OBR forecasts (due in partly to the treatment of student loans), the Resolution Foundation said in response to the latest ONS public sector finances. Borrowing reached £27.4 billion in December - the highest December figure since monthly records began in January 1993 – driven by extra spending on the Energy Price Guarantee (EPG) and a jump in debt-interest costs, reflecting the impact of higher inflation on index-linked gilts. [Read Full Article (https://caithness-business.co.uk/article/19140)]