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UK Public Sector Finances, July 2014
•Public sector net borrowing excluding financial interventions (PSNB ex) was in deficit by £0.2 billion in July 2014, £0.8 billion lower than July 2013. This year and last year include payments of £0.5 billion from the Bank of England Asset Purchase Facility Fund (APF). •Excluding APF transfers from net borrowing, July 2014 was in deficit by £0.8 billion and July 2013 was £1.6 billion. •The cumulative year to date borrowing figures provide a better indication of the progress of the public finances than the individual months. Public sector net borrowing (PSNB ex) for April to July 2014 was £32.4 billion ... (full story)