Yael Selfin, Chief Economist at KPMG UK, comments on today’s public sector finance figures.
Yael Selfin, Chief Economist at KPMG UK, comments on today’s public sector finance figures:
“Public sector borrowing increased to £35.9bn for the current financial year in December. This is well above the forecast of £25.5bn made by the OBR in October and, even allowing for lower borrowing in the coming months in line with past years, the total borrowing figure would still be £5bn higher than expected according to our estimates.
“Today’s data will do nothing to lift the mood after “Blue Monday” as any deterioration in the public finances ahead of the Brexit deadline in March will eat into the headroom available for the Chancellor if things do not go to plan.”
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