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The OBR has said regarding this morning's...>

UK DATA
UK DATA: The OBR has said regarding this morning's public finances release:
"Abstracting from loan guarantee write-offs [which are not yet in the ONS data],
year-to-date borrowing is GBP12.4 billion lower than our FSR central scenario
assumes, largely reflecting somewhat lower CG spending. PSNB in April and May
combined was revised down by GBP11.4 billion, with the bulk of the revision
explained by surprisingly strong cash receipts in June that accrue back to those
months."

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