Money Minute Friday 20 December: public sector borrowing in the UK
Today's Money Minute – the last of the year – looks ahead to the latest data on public sector net borrowing, which gives us a snapshot of government spending.
In the UK this morning, we get the latest data on public sector net borrowing.This gives a snapshot of government spending.
In the first seven months of this financial year, borrowing was 10% higher than last year.That's because while tax receipts were higher this year, government spending was higher still.
Given that the government wants to turn on the spending taps next year, the press might pay more attention to this release than usual.But ultimately, from a market impact perspective, it's not particularly consequential in these days of low interest rates.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Markets may one day start to care about high levels of government borrowing a lot more than they do now.If inflation picks up, it will become an issue.But there's little sign of the so-called "bond vigilantes" returning to haunt markets quite yet.
That's all from us here at Money Minute for this year. We'll return on Monday 6 January. In the meantime, have a wonderful Christmas and a very happy New Year.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published