UK government borrowing jumps over forecast to £18.3bn in August as ‘fiscal straightjacket’ tightens – business live

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Guardian Business

UK government borrowing jumps over forecast to £18.3bn in August as ‘fiscal straightjacket’ tightens – business live

Rolling coverage of the latest economic and financial news Self-assessed (SA) Income Tax receipts over the last two months jumped notably, today’s public finances show. SA income tax payments in July and August were £18.6bn in total, which is £1.9bn more than in the same period last year. “Borrowing in the financial year so far was lower than over the same period last year. However, it was higher than the official fo…