الأربعاء، 21 نوفمبر 2012

UK public sector borrowing rises

 51372859 000406359 1 A weak economy continues to weigh on public finances

The government borrowed much more than expected in October, reducing the chances that the UK will hit its deficit reduction target in 2012-13.

UK public sector net borrowing, excluding financial interventions, hit £8.6bn in October, the Office for National Statistics (ONS) said.

That figure marked a sharp rise from the £5.9bn borrowed in October 2011.

This is the last set of public borrowing figures before the chancellor’s Autumn Statement.

That will be delivered on 5 December.

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UK public sector borrowing rises

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