P508 Teletext 508 Oct16 21:01:01    ———————  ————————————————  BORROWING BOOST FOR CHANCELLOR Chancellor Gordon Brown's spending plans received a shot in the arm as official figures showed a further improvement in Government borrowing. It spent £1.6bn more than it raised in income last month, leaving analysts predicting that the accounts will be in the black by the end of the year. The City expected the figure, formerly known as the public sector borrowing requirement, to be £2bn. ——————————————————————————————————1/2—— Share index 510 Market report 517 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uk Diary Shares Popshares —lhly Finance
P508 Teletext 508 Oct16 21:01:10    ———————  ————————————————  SPENDING INCREASES BY LESS THAN 1% The Office for National Statistics showed Government spending increased by less than 1%, at £22.33bn compared with £22.15bn the previous September. The figures will help the Chancellor to live by his so-called Golden Rule of only borrowing to invest and not to fund current spending during the economic cycle. The figures give leeway for the £40bn earmarked for education and health. ——————————————————————————————————2/2—— Share index 510 Market report 517 I.T.JOBS? - CONTRACT OR PERMANENT see p631 Diary Shares Popshares Family Finance