UK government April borrowing data 24 May 2016
- GBP 6.1 bln revised up from 4.2bn prev
- PSNBR ex banks GBP 7.2bln v 6.4bln exp vs 6.7bln prev revised up from 4.8bln
- PSNCR GBP -2.4bln vs 17.8bln prev revised up from 16.6bln
- central govt NCR GBP 3.0bln vs 18.8bln prev
- reduction in VAT, alcohol and national insurance receipts explained the increase.
- Stamp duty rose to a record high of £ 1.3 bn, compared to £ 0.835 bn posted last
April.
Ouch. Not pretty headlines as we see govt borrowing on the rise still but GBP unfazed for the moment.
GBPUSD 1.4537 EURGBP 0.7685
More from the ONS:
- Public sector net borrowing excluding public sector banks decreased by £15.7 billion to £76.0 billion in the complete financial year ending March 2016 (April 2015 to March 2016) compared with the previous financial year. This £76.0 billion represents a £2.0 billion increase to the initial estimate of the complete financial year borrowing published in the March 2016 statistical bulletin
- Public sector net borrowing excluding public sector banks decreased by £0.3 billion to £7.2 billion in April 2016 compared with April 2015.
- Public sector net debt excluding public sector banks at the end of April 2016 was £1,596.0 billion, equivalent to 83.3% of gross domestic product (GDP); an increase of £49.6 billion (or 0.1 percentage points of GDP) compared with April 2015.
Full release here
