The Caithness Business Index has posted the following article:

Worse Than Expected Government Borrowing Serves As A Reminder To The New Chancellor Of The Fiscal Challenges Ahead

[IMG][/IMG] Higher spending has left government borrowing £3.2 billion higher than the OBR's last forecast three months into the new financial year, highlighting the scale of the fiscal challenge facing the new Chancellor ahead of her first Budget this Autumn, the Resolution Foundation said on Friday 19 July 2024. The latest ONS data showed that borrowing was £14.5 billion in June - down on last year, but up £2.9 billion compared to the OBR’s last economic outlook back in March. [Read Full Article]