BULLET: UK Data: Self Assessment Tax Receipts Send YTD to....>

UK Data: Self Assessment Tax Receipts Send YTD Borrowing to 16-Yr Low 

-UK June PSNBX -Stg2.008bn Vs -Stg0.981bn July 17  

-UK June Debt Ex-BOE 75.2% of GDP Versus 78.9% in July 2017 

-UK 2017/18 Borrowing Revised Down to Stg39.412bn Vs Stg45.766bn 2016/17

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Borrowing undershot its year-ago level last month, extending a 

trend highlighted by MNI which has run since the start of the 2017/18 

fiscal year, recording the highest surplus for a month of July in 18 

years. That left cumulative borrowing at stg12.8bn after the first four 

months of the new fiscal year, the lowest YTD outturn for 16 years and 

40% below the same 2017/2018 Apr-Jul standing. Driving the July result 

was a marked increase in self-assessment tax receipts, up stg1.0bn on the 

year to stg9.0bn -- the best July outturn since records began in 1999. 

This helped bring net debt as a percentage of GDP down to 75.2%, the 

lowest since August 2012 when it was 74.6%.