UK deficit narrows in July due to higher taxes

UK deficit narrows in July due to higher taxes
Markets are seemingly responding to the government budget cuts that was announced by Chancellor Osborne earlier, where the net borrowing dropped opposed to the expected by markets.

Public Sector Net Borrowing retreated to £3.2 billion down from the previous month's £13.9 billion revised lower from the originally reported £14.5 billion, and also was