Friday, June 18, 2010
Public finances improving
Not so long ago every month brought new horrors on the public finances. Now they are getting better, though there is a long way to go. Public sector net borrowing in May, £16 billion, was down on the £17.4 billion of May 2009. Net borrowing for April-May combined was £1.9 billion lower than a year earlier. Revenues appear to be picking up quite strongly/ Borrowing for 2009-10 has again been revised lower, to £154.7 billion. More here.
All the economics you need. Welcome to EconomicsUK, the personal website of David Smith, Economics Editor of The Sunday Times, London.
The site, independent of the newspaper, aims to provide knowledge and stimulate debate on economics, for business people, students,economists and others. As well as my own articles and observations, it also includes material by other people and organisations, which is always welcome. Enjoy the site, and please take part in our forum.
The site, independent of the newspaper, aims to provide knowledge and stimulate debate on economics, for business people, students,economists and others. As well as my own articles and observations, it also includes material by other people and organisations, which is always welcome. Enjoy the site, and please take part in our forum.
Link to EconomicsUK.com
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