Corporation tax receipts are down and have cause a dip in tax collected in September (HERE). Forecasters expected we would need to borrow about £8.5Bn but in fact the figure has turned out to be £10.6Bn and it is now expected there will be a shortfall this financial year of about £14Bn.
So, where we had expected to borrow £45Bn, in fact we now expect this to come in around £59Bn.
I think by January there will be very little in the way of good economic news and it will be interesting to see how this impacts public opinion.
No comments:
Post a Comment