BULLET: UK Data: Borrowing At Its Lowest Year-To-Date Level..>

UK Data: Borrowing At Its Lowest Year-To-Date Level Since 2007  

-Sep PSNBX Stg5.902bn Vs Stg6.606bn Sep 2016; Higher VAT, Income Tax 

-UK September Net Debt 80.0% of GDP Versus 80.4% in September 2016

-Underlying Apr-Sep Borrowing Stg32.5bn Vs Stg35.0bn Apr-Sep 2016

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PSNBX fell by stg0.7bn in September 2017 to stg5.9bn versus 

September 2016, the lowest September net borrowing since 2007. This, 

along with a downward revision to August's borrowing (down to stg4.7bn), 

meant that half-way through the 2017/18 financial year, year-to-date 

borrowing stood at stg32.5bn, stg2.5bn lower than the same period last 

year, the lowest Apr-Sep net borrowing since 2007. VAT and income tax 

receipts rose 3.6% and 5.5% respectively in Sept 17, while corporation 

tax fell 2.2%. Debt interest payments in the first half of the fin year 

were stg4.1bn higher than recorded in the 2016/17 financial year, the 

highest increase since 2011.