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24-Jan-24, 08:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Lower Debt Interest Costs Give Chancellor Timely Boost Ahead Of Pre-election Budget
Lower than expected inflation over the end of last year has helped to reduce debt interest costs, and in turn reduce borrowing levels - providing the Chancellor with a timely boost in the penultimate set of public sector finances data before the Budget, the Resolution Foundation said on Tuesday 23 January 2024. Borrowing in December was £7.8 billion - £6.2 billion below the Office for Budget Responsibility's (OBR) estimate for this month, almost all of which was debt interest costs coming in £5.5 billion lower than forecast. [Read Full Article (https://caithness-business.co.uk/article/22568)]
Lower Debt Interest Costs Give Chancellor Timely Boost Ahead Of Pre-election Budget
Lower than expected inflation over the end of last year has helped to reduce debt interest costs, and in turn reduce borrowing levels - providing the Chancellor with a timely boost in the penultimate set of public sector finances data before the Budget, the Resolution Foundation said on Tuesday 23 January 2024. Borrowing in December was £7.8 billion - £6.2 billion below the Office for Budget Responsibility's (OBR) estimate for this month, almost all of which was debt interest costs coming in £5.5 billion lower than forecast. [Read Full Article (https://caithness-business.co.uk/article/22568)]