trending Market Intelligence /marketintelligence/en/news-insights/trending/lsGpNlIotZHXtFOGH_ssqA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

UK raises borrowing forecasts on accounting changes, corporate tax correction

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

UK raises borrowing forecasts on accounting changes, corporate tax correction

The U.K.'s budget watchdog raised its government borrowing forecast by roughly £20 billion a year through 2023-2024, reflecting accounting changes and a correction to corporate tax revenues.

The Office for Budget Responsibility projects public-sector net borrowing to come in at £47.6 billion in the 2019-2020 financial year, up from £29.3 billion in its March forecast.

By 2023-2024, public borrowing is predicted at £33.3 billion, compared with a prior forecast of £13.5 billion.

The OBR said the revised estimates mean that the deficit would reach more than £30 billion in the final year of the forecast period.

The revisions come on the back of accounting changes related to student loans, which are automatically treated as spending now rather than waiting for them to default.

The revised estimates also reflect a £4 billion-per-year error in corporate tax receipts.