UK public finances (PSNCR) for the month of May showed that the budget deficit widened to 12.0 billion pounds from the revised prior deficit of 8.6 from 8.8 billion pounds which is better than the projected deficit of 20.5 billion pounds.

Public sector net borrowing for the same period, also witnessed a widened budget deficit to 16.0 billion pounds from the revised previous 8.3 from 10.0 billion pounds which is lower than the expected 18.0 billion pounds.