Details from the September 2016 UK public sector finances report 21 October 2016

  • Prior 10.051bn

  • Ex--banks 10.613bn vs 8.500bn exp. Prior 10.546bn

  • PSNCR 13.3bn vs 0.727bn prior

  • Government NCR 22.5bn vs 4.0bn exp. Prior 4.1bn

Another kick in the crotch for the Chancellor ahead of his Autumn statement. Less taxes banked from firms, property transactions and a lower take from VAT left the UK coffers looking dusty compared to last year. Corp taxes fell for the first time since 2009.

With plenty more in the Brexit uncertainty tank, this is an area quite unlikely to improve very much.

UK PSNB