Money Minute Wednesday 22 January: UK public borrowing
Today's Money Minute looks ahead to the latest on of the UK's public finances, with the Office for Budget Responsibility’s forecasts for borrowing this fiscal year.
In the UK we get the latest view of the public finances. Borrowing is expected to remain on track to come in below the Office for Budget Responsibility’s forecasts for this fiscal year (which ends in April). That’s good news for chancellor Sajid Javid, who will be delivering his first budget in March.
On the corporate front, fashion brand Burberry delivers its third quarter trading update. Investors will focus on performance over Christmas, as well as the impact of any ongoing disruption in Hong Kong. We also get more news from the British high street, as newsagent WH Smith, and pet shop Pets at Home both update on trading over Christmas.
Over in Canada, the central bank makes its latest decision on interest rates. The bank is expected to keep interest rates on hold where they are. Recent strong labour market data has offset concerns of a slowdown towards the end of last year.