LONDON, Jan 22 - Britain’s government borrowed less than expected in December but there were signs the economy’s weakness was hurting corporate tax receipts, while a pay rise for health workers pushed up spending.
Borrowing excluding public sector-owned banks in December alone fell slightly compared with a year earlier to 4.765 billion pounds, the Office for National Statistics said on Wednesday.Despite the better-than-expected figure for December, borrowing in the first nine months of the financial year stood at 54.6 billion pounds, 7.9% higher than it was for April-December 2018.
On the expenditure side, other current spending was up 5.0% in the financial year to date compared with the same period in 2018/19, a record increase that reflects a pay rise for health workers authorized by former prime minister Theresa May.
Without having left yet. Next years will have much less in taxes...
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