The growth of the UK budget deficit in October significantly exceeded forecasts


The UK budget deficit in October reached a maximum of 3 billion pounds over 3 years for this month. Such data was published by the Office for National Statistics. In the previous month, the figure was at 2 billion pounds. Experts had predicted its increase to 5 billion 600 million pounds. The highest rates for October in 11 years were shown by government spending, an increase of 7.7%. The increase in tax revenues was 1.2%. The indicator of total expenses of the British budget has reached 65 billion 400 million pounds. The country's net public debt increased to 84% of GDP.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong