Government borrowing fell in April as UK reopened
Despite the fall, borrowing was still the second highest on record for April as Covid spending continues. …
“April’s public finances figures showed that the government’s financial position isn’t as bad as the Office for Budget Responsibility (OBR) predicted only two months ago, reinforcing our view that the tax hikes and spending cuts that most fear may be avoided,” said Ruth Gregory, senior UK economist at Capital Economics.
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