Pantheon Macroeconomics - Progress in reducing the budget deficit has ground to a virtual halt, despite the ongoing fiscal consolidation. Public sector net borrowing excluding public sector banks--PSNB ex.--was £10.6B in September, exceeding the £9.3B borrowed in the same month last year.

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24 October. 2016 Tax Receipt Shortfall Casts Doubt on Economy's Resilience

By Samuel Tombs

Progress in reducing the budget deficit has ground to a virtual halt, despite the ongoing fiscal consolidation. Public sector net borrowing excluding public sector banks--PSNB ex.--was £10.6B in September, exceeding the £9.3B borrowed in the same month last year.

Posted: 23rd Oct 2016 in 'U.K. Documents'

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