Share Radio : Sharing ideas about money
Loading the player...



Simon Rose

What caused Government borrowing to fall by more than expected in October?

Simon Rose
Original Broadcast:

The Share Radio Evening Show

What caused Government borrowing to fall by more than expected in October?
Government borrowing fell by more than expected in October, to £4.8bn. According to the Office for National Statistics, it's due to a record amount of October tax income. The amount borrowed was £1.6bn, lower than for the same period last year. The figures come a day ahead of the Autumn Statement - a secondary Budget to the one in March. Simon spoke to Suren Thiru, Head of Economics at the British Chambers of Commerce to discuss the figures in more detail.