Tuesday, 20 July 2010

UK's finances hit by borrowing high

Yahoo News/PA
"The woes facing Britain's battered finances showed few signs of easing as the Office for National Statistics (ONS) confirmed the budget deficit widened by another £700 million in June to £12.6 billion.Last month's public sector net borrowing was £200 million less than the £14.7 billion seen a year ago, but was more than the £13.5 billion expected by analysts.Figures excluding the temporary effects of State financial intervention showed borrowing rose to £15.2 billion up from £14.9 billion in June 2009."

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