UK Public Finances Log Surplus In July

The UK public sector net borrowing in July turned to surplus for the first time in 15 years on higher receipts of income tax, the Office for National Statistics said Tuesday. Public sector net borrowing excluding public sector banks was in GBP 0.2 billion surplus, which was the first July surplus since 2002. In July 2016, borrowing was GBP 0.3 billion.

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