The Traderszone Network

Published in TZ Latest News 21 July, 2017 by The TZ Newswire Staff

UK June PSNBR GBP 6.3bln vs 4.9bln expected

UK June government borrowing data now out 21 July
– GBP 7.0bln prev revised up from 6.7bln
– PSNBR ex banking groups GBP 6.3bln vs 6.4bln prev revised up from 6.0bln
Bigger than expected deficit. Rising inflation means govt paying more interest on its debt/index-linked bonds and not going to help fin min Hammond balance the books.