22-11-2016 22:35 via news.yahoo.com

Hammond gets boost from October borrowing data

By David Milliken and Andy Bruce LONDON (Reuters) - British Chancellor Philip Hammond got some rare good news about the country's finances on Tuesday as he finalises his first budget statement, which is still likely to forecast a surge in borrowing as Britain prepares to leave the EU. Breaking with a pattern of borrowing overshoots earlier in the financial year, official figures on Tuesday showed public borrowing in October was 25 percent less than a year earlier at 4.8 billion pounds ($6.0 bill
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