UK March public sector net borrowing data 21 April
– GBP 6.3 bln prev revised down from GBP 6.5bln
– ex-banking groups GBP 4.8bln vs 6.0bln exp vs 6.9bln prev rev down from 7.1bln
Welcome decrease in March borrowing but the 2015/16 PSNBR total exceeds Osborne’s March 16 Budget forecast of £72.2bln