Borrowing fell by just £33 million in April compared with last year, despite a £0.8 billion special dividend received on RBS shares. After the sharp drop in borrowing in 2018-19, we expect a small rise this year due to tax and spending giveaways. The 2018-19 outturn was revised down by £1.1 billion this month and is now just £0.7 billion above our March forecast.
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Borrowing in April little changed from last year
May 22nd, 2019 | What's new, Monthly public finances release
Borrowing fell by just £33 million in April compared with last year, despite a £0.8 billion special dividend received on RBS shares. After the sharp drop in borrowing in 2018-19, we expect a small rise this year due to tax and spending giveaways. The 2018-19 outturn was revised down by £1.1 billion this month and is now just £0.7 billion above our March forecast.
Commentary on the public sector finances – April 2019