The trend in the UK's budget deficit in recent months has been for a small monthly reduction of about £500m in the deficit compared to the same month the previous year. That would imply a deficit of £11.7bn, says Societe Generale.
Estimates at the beginning of the fiscal year (which starts in April) are based on highly incomplete data, so the data may give surprise.
Commentary
Continuing improvement in UK's public finances
The trend in the UK's budget deficit in recent months has been for a small monthly reduction of about £500m in the deficit compared to the same month the previous year. That would imply a deficit of £11.7bn, says Societe…
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