trending Market Intelligence /marketintelligence/en/news-insights/trending/wvfmlXsRQhxEFQ-xpoJcmA2 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

In this list

UK government borrowing falls to lowest February total in 2 years

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

UK government borrowing falls to lowest February total in 2 years

Net borrowing by the U.K. public sector, excluding public sector banks, amounted to £200 million in February, down £1 billion from a year ago, the Office for National Statistics said. This was the lowest February borrowing since 2017.

The Econoday consensus predicted that borrowing would reach £500 million.

Receipts climbed 3.6% year over year, to £64.5 billion, primarily driven by income taxes, national insurance contributions and capital gains taxes.

Total central government expenditure rose 1.7%, to £60.6 billion, on the back of higher U.K. contributions to the EU budget and increased spending on goods and services and net social benefits.

Borrowing totaled £23.1 billion in the current financial year to date — April 2018 to February 2019 — down £18.0 billion from the same period a year earlier. This was the lowest for any April-to-February period in 17 years.

Public sector net debt, excluding public sector banks, reached £1.786 trillion at the end of February, or 82.8% of GDP, up £22.7 billion from a year ago.