Government borrowing falls in September
Borrowing was lower than a year earlier, but was still the second-highest number on record for September. …
With expected growth this year of 7% or more, tax money is flowing into the Exchequer far faster than was anticipated at the last Budget. And much of the emergency spending required in the more severe lockdown last year no longer has to be spent because the economy has, mostly, reopened. Public sector borrowing (the amount government has to borrow to plug the gap between its income and its spending) has nearly halved, dropping by more than £100bn.
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