Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

UK tax receipts may hint at faster than expected recovery: OBR

share with twitter share with LinkedIn share with facebook
09/25/2020 | 10:57am EDT
FILE PHOTO: Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester

The unexpected strength of tax receipts in Britain may reflect a faster-than-forecast economic recovery from the coronavirus lockdown, the Office for Budget Responsibility fiscal watchdog said on Thursday.

Earlier official data showed Britain's budget deficit for the first five months of the financial year at 174 billion pounds was running around 50 billion pounds lower than the OBR had assumed - in part due to strength in tax receipts.

"(This) appears to be broadly consistent with the faster-than-assumed recovery in real GDP through the summer," the OBR said in a statement.

(Reporting by Andy Bruce; Editing by Alistair Smout)


share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
06:15pAmazon wins arbitration order against Future's deal with Reliance
RE
06:15pExternal trade activity of the Republic of Moldova in January-August 2020
PU
06:15pNATIONAL BUREAU OF STATISTICS OF REPUBLIC OF M : Passengers and freight transportation in the Republic of Moldova in January-August 2020
PU
05:46pU.S. State Dept confirms paused diversity training, says committed to inclusion
RE
04:47pSTELCO : Announces Cybersecurity Attack
AQ
04:32pCanada's Cenovus to buy Husky for $2.9 billion as pandemic drives oil mergers
RE
04:23pMEDIA-British fintech star PrimaryBid clinches $50 mln funding from blue-chip backers - Sky News
RE
04:07pU.S. State Dept confirms paused diversity training, says committed to inclusion
RE
03:51pCorrection to China Trade War Article
DJ
03:45pMEDIA- European Union would apply lower threshold in assessing Covid-19 vaccine - WSJ
RE
Latest news "Economy & Forex"