UK - borrowing falls unexpectedly but debt remains high - economy

euronews Business

Published on Nov 22, 2016

There is some good news for Britain's Chancellor of the Exchequer Philip Hammond ahead of his first Autumn Statement. According to official figures, a record amount of corporation tax income in October meant the UK government borrowed less than expected.

Nonetheless, many analysts believe Britain is unlikely to meet its deficit reduction target for the financial year with UK debt still rising.

In October, £4.8 billion was borrowed, £1.6 bn lower than the same month last year.

And in the financ…

READ MORE : http://www.euronews.com/2016/11/22/uk...