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.