May figure second highest for month on record amid fears chancellor is struggling to keep within spending rules
Higher tax receipts were unable to prevent a rise in public sector borrowing in May to £17.7bn, up from £17bn a year earlier and the second highest for the month on record.
A poll of City economists had forecast public sector net borrowing – the difference between public spending and income – would be £17.1bn.
Continue reading…May figure second highest for month on record amid fears chancellor is struggling to keep within spending rulesBusiness live – latest updatesHigher tax receipts were unable to prevent a rise in public sector borrowing in May to £17.7bn, up from £17bn a year earlier and the second highest for the month on record.A poll of City economists had forecast public sector net borrowing – the difference between public spending and income – would be £17.1bn. Continue reading…
