FOREX TradingCharts.com

Financial News: UK Budget Deficit Widens In July

UK Budget Deficit Widens In July

08/21/2020 - 02:39:00 (RTTNews)

(RTTNews) - The UK budget deficit widened sharply in July from the last year and debt exceeded GBP 2 trillion for the first time on record, the Office for National Statistics reported Friday.

Public sector net borrowing excluding public sector banks rose by GBP 28.3 billion from last year to GBP 26.7 billion in July. This was the fourth highest borrowing in any month on record.

The ONS said borrowing estimates were subject to greater than usual uncertainty. Borrowing in June was revised down by GBP 6.0 billion to GBP 29.5 billion.

During April to July, borrowing totaled GBP 150.5 billion, which was GBP 128.4 billion more than in the same period last year and the highest borrowing in any April to July period on record.

The estimate indicated that the GBP 150.5 billion borrowing was almost three times the GBP 56.6 billion borrowed in the whole financial year ended March 2020.

Further, data showed that at the end of July, public sector net debt excluding public sector banks exceeded GBP 2 trillion for the first time. Debt at the end of July 2020 was 100.5 percent of gross domestic product.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Retail Sales Continue To Rise In August (20 min(s), 52 sec(s) ago)
(RTTNews) - UK retail sales grew for the fourth straight month in August but the pace of expansion ...Full Story»

Nearly 50% Of UK Firms Plan To Cut Recruitment: CBI (01 hr(s), 18 min(s), 52 sec(s) ago)
(RTTNews) - Nearly half of the UK firms plan to either reduce or not recruit at all over the comin ...Full Story»

European Economics Preview: UK Retail Sales Data Due (02 hr(s), 24 min(s), 52 sec(s) ago)
(RTTNews) - Retail sales data from the UK is due on Friday, headlining a light day for the Europea ...Full Story»

Japan Overall Inflation Slows To 0.2% On Year In August (05 min(s), 08 sec(s) ago)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.2 percent on year in August, the ...Full Story»

Japan Inflation Data On Tap For Friday (55 min(s), 08 sec(s) ago)
(RTTNews) - Japan will on Friday release August numbers for consumer prices, highlighting a very l ...Full Story»

Indonesia Leaves Rates Unchanged Again (46 min(s), 08 sec(s) ago)
(RTTNews) - Indonesia's central bank left its key interest rates unchanged on Thursday it expe ...Full Story»

Bank Of England Raises Negative Rate Expectations (03 min(s), 08 sec(s) ago)
(RTTNews) - The Bank of England retained its interest rate at a record low on Thursday, but policy ...Full Story»

Philly Fed Index Drops For Third Straight Month But Still Indicates Growth (32 min(s), 08 sec(s) ago)
(RTTNews) - Growth in Philadelphia-area manufacturing activity slowed modestly in the month of Sep ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Retail Sales Continue To Rise In August

09/18/2020 - 02:46 AM (RTTNews)
(RTTNews) - UK retail sales grew for the fourth straight month in August but the pace of expansion ...Full Story>>

Nearly 50% Of UK Firms Plan To Cut Recruitment: CBI

09/18/2020 - 01:48 AM (RTTNews)
(RTTNews) - Nearly half of the UK firms plan to either reduce or not recruit at all over the comin ...Full Story>>

European Economics Preview: UK Retail Sales Data Due

09/18/2020 - 00:42 AM (RTTNews)
(RTTNews) - Retail sales data from the UK is due on Friday, headlining a light day for the Europea ...Full Story>>

Japan Overall Inflation Slows To 0.2% On Year In August

09/17/2020 - 20:12 PM (RTTNews)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.2 percent on year in August, the ...Full Story>>

Japan Inflation Data On Tap For Friday

09/17/2020 - 18:02 PM (RTTNews)
(RTTNews) - Japan will on Friday release August numbers for consumer prices, highlighting a very l ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.