CORENEWS

Reopening of economy in May causes rush to shops and increases VAT and fuel duty receipts

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The government borrowed less than expected in May when the reopening of the economy prompted a rush to the shops and pushed VAT and fuel duty receipts higher.

Official figures showed borrowing in May was £24.3bn, undershooting the £28.5bn estimate by the Office for Budget Responsibility (OBR) by £4.2bn.

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from The Guardian https://ift.tt/3gN3rJ0

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