Public spending figures a boost for Brown
Good news for chancellor ahead of Budget speech
Good news for chancellor ahead of Budget speech
Figures released by the Office of
National Statistics for February have revealed that UK public spending is in
an even healthier state – with a surplus of £2bn up from £1.6bn for the same
month in 2006.
This means
Gordon
Brown will be able to say that he will meet his economic predictions for the
year to April when he delivers his Budget speech later today.
Public sector net borrowing, which includes capital investment, showed a fall
in monthly borrowing to £1bn from £1.7bn in 2006.
Net debt rose to £483.5bn from £447.7bn, equalling 36.2% of
gross domestic
product.
Further reading:
Tax burden on wages climbs to record high
ONS weighs into PM jobs gaffe row
Emerging opportunity missed
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAs we get closer to the Budget and there is talk of public spending reduction to fund his proposals, we think a cut by the Chancellor to the headline ...
View articleTechnology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleEffective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...
View articleCGT receipts have increased by over 100% in the past five years and reached a record level of £18bn in the last year alone, and a further 18% increase...
View articleThe Office for National Statistics reported that inflation in the UK dropped to 7.9% in June Read More...
View articleAccording to the senior Conservative, the Tory party must have one eye on the next general election in deciding the future of the off-payroll working ...
View article23% of business owners having hastened their plans to either sell or wind down their businesses Read More...
View article