Friday, October 21, 2011
Borrowing is on target
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

After yesterday's better than expected retail sales figures, more good news. Public borrowing in September was 14.1 billion, 1.3 billion down on a year earlier. Cumulative borrowing, at 63.5 billion, compares with 71 billion in the corresponding period of 2010-11.

Last year's outturn was 136 billion. This year's forecast from the Office for Budget Responsibility is 122 billion. As things stand, it is on track. More here.