LONDON: The UK budget deficit unexpectedly narrowed in August as spending fell and the government recorded healthy receipts of value-added tax (VAT), stamp duty and national-insurance contributions.
The shortfall was £5.7bil (US$7.7bil) compared with £6.9bil a year earlier, the Office for National Statistics said. It left the deficit in the first five months of the fiscal year at £28.3bil, down 0.7% on the year.
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