State borrowing halves in July: official data

Britain’s state borrowing fell sharply last month on rising tax receipts, official data showed on Thursday.

Public sector net borrowing, the government’s preferred measure of the deficit, stood at £800 million ($1.33 billion, 1.0 billion euros) in July.

The figure, which excludes financial sector intervention measures and transfers from the Bank of England’s cash stimulus scheme, compared with £1.6 billion in the same month of last year.

COMMENTS

Please let us know if you're having issues with commenting.