Plus   Neg

U.K. Public Finances Log Surplus In January

U.K.'s public sector net borrowing excluding interventions was -GBP 7.8 billion in January, which was GBP 2.5 billion lower net borrowing than in January 2011, the Office for National Statistics said Tuesday.

At the same time, net borrowing, including interventions came in at -GBP 10.7 billion.

Excluding financial interventions, the public sector current budget was in surplus by GBP 11.8 billion, which was a GBP 2.5 billion higher than in January 2011.

Public sector net debt at the end of January totaled GBP 988.7 billion or 63 percent of GDP. This compares to GBP 869.1 billion at the end of January 2011.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT