- UK's PSNB shows a surplus of £1.3bn in July – TD Securities
Market news
21 August 2019
UK's PSNB shows a surplus of £1.3bn in July – TD Securities
Analysts at TD Securities note that the UK’s Public Sector Net Borrowing (PSNB) data for July showed a surplus of £1.3bn, compared to consensus of £2.9bn and £3.6bn in July 2018.
- “After a couple of years of the fiscal data generally surprising to the upside, the YTD fiscal deficit is now 60% higher than a year ago, suggesting that the rapid improvement that we had seen recently is likely behind us now.”
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