A bus crosses Waterloo Bridge in front of the Big Ben clock tower in London March 18, 2015. REUTERS/Toby Melville
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Britain's public finances showed a smaller-than-expected budget surplus in the first month after the vote to leave the European Union, potentially limiting the ability of new Finance Minister Philip Hammond to give the economy a big boost later this year. Britain ran a budget surplus – excluding state-owned banks – of nearly 1 billion pounds ($1.3 billion) last month, lower than the almost 1.2 billion pounds in the same month last year, leaving it off track to meet its current fiscal targets.For the first four months of the 2016/17 tax year, public sector net borrowing of 23.7 billion pounds was 11.3 percent lower than last year, less than half the kind of reduction needed to meet Britain's existing budget plans.
FOLLOW THIS ARTICLE