Public sector finances, UK: May 2022

Public sector finances, UK: May 2022

From ons.gov.uk

Public sector net borrowing excluding public sector banks (PSNB ex) was £14.0 billion in May 2022, the third-highest May borrowing since monthly records began in 1993; this was £4.0 billion less than in May 2021 but £8.5 billion more than in May 2019, before the coronavirus (COVID-19) pandemic. Central government receipts were £66.6 billion in May 2022, £5.7 billion more than in May 2021, of which tax receipts were £48.3 billion, an annual increase of £3.4 billion. Central government current (or day-to-day) expenditure was £74.0 billion in May 2022, £2.2 billion less than in May 2021, with the additional ... (full story)

- Older Stories
Gold holds above key support, and the tug-of-war continues
From kitco.com|Jun 23, 2022
Whether you describe the underlying cause of recent changes in financial assets as a tug-of-war, double-edged sword, or battle of opposing forces, inflation versus rising rates ...
Xi offers answers to questions of the times at BRICS forum
From globaltimes.cn|Jun 23, 2022|1 comment
Chinese President Xi Jinping on Wednesday offered his answers to the questions of the times at a keynote speech in virtual format at the opening ceremony of the BRICS Business ...
Putin, Xi lash out over sanctions against Russia in video message
From www3.nhk.or.jp|Jun 23, 2022
video The leaders of Russia and China have condemned sanctions imposed against Russia in separate video messages released at the opening of a virtual forum of five emerging ...

- Newer Stories
G-7, NATO leaders to highlight China challenge, pressure Russia: U.S.
From english.kyodonews.net|Jun 23, 2022
The Group of Seven industrialized nations are expected to step up efforts to address China's "coercive economic practices" when their leaders meet in Germany later in June, while ...
French growth slumps to weakest since peak Omicron disruption at start of 2022
From pmi.spglobal.com|Jun 23, 2022|1 comment
The French economy endured a marked slowdown in growth at the end of the second quarter, with private sector business output rising at the slowest rate since the wave of ...
Falling exports and strong inflation taking a toll on German economy, with outlook looking...
From pmi.spglobal.com|Jun 23, 2022
Latest ‘flash’ PMI® data from S&P Global showed a sharp loss of momentum in the German economy at the end of the second quarter. Falling exports acted as a drag, while there were ...