Borrowing Falls ... Bank Holds Rates ...
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Borrowing Falls ... Bank Holds Rates ...
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Borrowing Falls ...
Latest figures confirm borrowing will be much lower than expected at the start of the year. In March, the OBR were forecasting borrowing of £234 billion in the current financial year. The strong bounce back in the economy suggests public finances are in much better state than expected.
Bank Holds Rates ...
The Bank of England Monetary Policy Committee voted this week to keep rates on hold and to maintain the existing target of UK government bond purchases at £875 billion. The bank continues to hang on to the £20 billion of corporate bonds picked up in the Brexit drama five years ago. The logic of the bond acquisition elusive, the language of the government bond purchases now excludes "QE". JKA
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