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Better Than Expected UK Public Finance Adds Hopes Of Tax Cuts

Por: RTTNews Business January 23, 2024

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The UK budget deficit narrowed more than estimated in December on higher receipts and falling spending, giving room for the Chancellor to provide giveaways in the March budget ahead of elections. Public sector net borrowing, excluding public sector banks, declined sharply by GBP 8.4 billion from the last year to GBP 7.8 billion in December, the Office for National Statistics reported Tuesday.This was the lowest December borrowing since 2019 and... + full article



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