UK's Public Sector Net Borrowing soars

Tue, 21 Sep 2010 10:39:00 +0200

UK's Public Sector Net Borrowing soars

FXstreet.com (Barcelona) - National Statistics relase of public sector finances revealed that the United Kingdom's Public Secotr Net Borrowing rose to an astonishing £15.302Bn in August.

The previous data was revised down to reflect a net borrowing of £1.991Bn in July. Although a rise in borrowing was expected, forecast anticipated it to be capped by £12.2Bn.