Bank fines help drive borrowing down in November

[Pete]

"Forex fines linked to the foreign exchange trading scandal helped public borrowing to fall in November as tax receipts strengthen.

The ONS said the figures were also flattered by a £1.1bn payment by banks who settled an investigation into a foreign exchange rate fixing scandal.

Bank fines linked to the foreign exchange trading scandal boosted the public finances in November, though the deficit remains on course to exceed £90bn this year."

So, this time the bankers greed didn’t pay off…

http://bit.ly/1JePqvB