20 Nov 2015
UK: Government’s borrowing to show shrinkage - TDS
FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that markets expect the government’s (ex-banking) borrowing to have shrunk from £9.4bn in September to £6.0bn in October.
Key Quotes
“This would mark an improvement of about £1bn relative to the October 2014 figure, largely on account of healthy tax receipts over the last year. This is the last public accounts publication before the Autumn Statement on 25 November, and as it currently stands, while it looks like government borrowing in FY2015/16 is on track to decline from the previous year, it will still be somewhat higher than originally anticipated.”
Key Quotes
“This would mark an improvement of about £1bn relative to the October 2014 figure, largely on account of healthy tax receipts over the last year. This is the last public accounts publication before the Autumn Statement on 25 November, and as it currently stands, while it looks like government borrowing in FY2015/16 is on track to decline from the previous year, it will still be somewhat higher than originally anticipated.”