Government borrowing drops but debt remains at levels not seen since 1960s
Public sector net borrowing was £7.8 billion in December, less than the £11.4 billion that economists had forecast.
Source: harrowtimes.co.uk
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Hunt Gets More Room for UK Tax Cuts With Fall in Borrowing
(Bloomberg) -- Better tax receipts and lower debt-interest costs took the pressure of UK public finances in December, giving Chancellor Jeremy Hunt a boost as he seeks room for tax cuts in his March budget.Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMor
Source: yahoo.com
Boost for Jeremy Hunt's tax cut push as government borrowing fell to four-year low in December with easing inflation slashing debt servicing costs… so will he target income tax?
Official figures showed the public sector was £7.8billion in the red in December, significantly below the £11.4billion markets had expected.
Source: dailymail.co.uk
Jeremy Hunt handed £20bn of headroom for tax cuts this March
The chancellor will now have more wiggle room to lower taxes in his March budget
Source: independent.co.uk
'I'll always stand by Israel' Sunak tells CFI event - The Jewish Chronicle
Tory Party rolled out 20 Cabinet members – including the PM – for the lunch
Source: thejc.com