• Friday, August 19, 2016 - 09:09

    By David Robinson

    LONDON (MNI) - UK tax receipt growth in the first four months of the fiscal year, April through July, appears slower than required to meet the full year forecast, the Office for Budget Responsibility said Friday.

    In order to hit the OBR's March borrowing forecast for the 2016-17 fiscal year of stg19.8 billion underlying public sector net borrowing would need to fall by stg19.8 bln on the previous year and the data published Friday showed it only stg3 bln lower.