UK budget deficit narrows as shoppers boost VAT receipts

Britain’s public sector spending deficit dropped to its lowest August total since 2007 after an increase in VAT revenues and a squeeze on local authority borrowing. The deficit in August stood at £5.7bn, down 18% compared with the same month last year, beating forecasts of £7.1bn in a Reuters pol...

UK budget deficit narrows as shoppers boost VAT receipts