国际英语资讯:British govt borrowing figures hit by higher debt repayments, inflation_时事_双语阅读-查字典英语网

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国际英语资讯:British govt borrowing figures hit by higher debt repayments, inflation

The strong growth in expenditure was partly due to the effect of higher inflation on index-linked gilt interest payments, with CPI inflation over the past year rising from 0.5 percent last May to 2.6 percent this June.

"Growth in receipts still has exceeded the 3.2 percent full-year rate forecast by the OBR in the March Budget.

"But growth in receipts will slow sharply at the end of this fiscal year, because the bumper batch of self-assessment tax receipts collected in January and February 2017, due to tax changes, will not be repeated," said Tombs. (1 British pound = 1.30 U.S. dollars)

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