The U.K.‘s budget deficit shrank at a faster-than-expected pace in July; retail sales posted the biggest gain in five months. The British government’s net borrowing declined decreased to 3.17 billion pounds (USD5 billion) in July from 5.52 billion pounds a year ago. Retail sales, meanwhile, rose 1.1 percent in July from the previous month’s level, boosted by sales of sporting equipment, toys and jewelry, the New York Times reports.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Ma. Rizza Leonzon
As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.
