Market news

25 September 2020

UK’s public sector net borrowing hits GP35.9 billion in August

Office for National Statistics (ONS) reported on Friday that UK’s public sector net borrowing (excluding public sector banks, PSNB) was GP35.9 billion in August, up from a revised GBP14.7 billion in July (originally GBP25.9). Economists had forecast the PSNB to increase to GBP35.1 billion in August. This represented the third-highest borrowing in any month since records began in 1993.

Borrowing in the first five months of this financial year (April to August 2020) amounted to GBP173.7 billion, GBP146.9 billion more than in the corresponding period last year. This was the highest borrowing in any April-to-August-period since records began in 1993.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.