The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home ยป British Public Borrowing Plunges 52% in February 2022 as Debt Serving Costs Surges
    Forex News

    British Public Borrowing Plunges 52% in February 2022 as Debt Serving Costs Surges

    March 22, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    One pound coin on fluctuating graph
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    UK public borrowing has dropped more than 50% since its peak during the pandemic, but debt servicing costs are surging rapidly.

    • Borrowing for the first 11 months of the 2021/2022 financial year was 138.4B pounds ($182.3B). This is 52% below the record 290.9B pounds borrowed from April 2020 to February 2021.
    • UK public borrowing for the 2021/22 fiscal year is comfortably on track to fall below the 183 billion pounds forecast by the Office for Budget Responsibility due to stronger-than-expected tax revenue.
    • Debt serving costs in February jumped 53% higher than the prior-year at 8.2 billion pounds.
    • Public sector net debt, excluding state-owned banks, amounted to 2.327 trillion pounds or 94.7% of GDP.
    • Central government receipts stood at 71.9 billion pounds in February 2022, increasing by 5.8 billion pounds from the same period last year.

    In February 2022, self-assessment income tax receipts stood at 3.1 billion pounds, 1.2 billion pounds lower than the same period last year.

    FTSE 100 up +0.45%, GBP USD up +0.43%

    Source: Office for National Statistics.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    GBPUSD UK economy
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    JPMorgan Chase & Co

    JPMorgan Strategists See Equity Stress Relieving in Second Fifty Percent

    June 21, 2022
    US Fed Hikes Benchmark Interest Rate

    US Fed Hikes Benchmark Interest Rate by 0.75% to 1.75%, Highest Level since March 2020

    June 16, 2022
    European Shares

    European Shares Edged Up Before Fed Rate Hike as ECB Explores Crisis Strategy

    June 15, 2022
    US Inflation Jumps

    US Inflation Jumps to Hit Fresh 40-Year Record-High of 8.6%

    June 10, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      +  33  =  34

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.