Financial news

UK corrects public finances data, reports slightly less borrowing

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Via Yahoo Finance

LONDON (Reuters) – Britain published corrected public finances data for September on Tuesday that left the deficit in the financial year to date a little lower than first reported.

The Office for National Statistics said cumulative public sector net borrowing, excluding public-sector banks, stood at £39 billion for the April-September period, compared with the original estimate of £40.3 billion.

For September alone, public sector net borrowing excluding banks now stands at £9.171 billion, compared with the original estimate of £9.386 billion.

The ONS’s estimates for public sector net debt and the public sector net cash requirement were unchanged in the corrected data.

(Reporting by Andy Bruce, editing by David Milliken)

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