More NewsBudget 2010: Borrowing £11bn less than expected

Budget 2010: Borrowing £11bn less than expected

Borrowing falls due to better than expected economic conditions and tax take

Borrowing for the year has been £167bn – £11bn lower than forecast due to
better business conditions that has driven increased tax take, says Alistair
Darling. Forecasts had placed the deficit at £178bn.

Borrowing expect to be £163bn in 2010/10 and then £131bn in 2011/12.

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