The U.K. public sector net borrowing, excluding the temporary effects of financial interventions, rose to GBP 14.4 billion from GBP 13.9 billion during the same period of last year, the Office for National Statistics reported Friday.
Public sector net borrowing totaled GBP 125.7 billion for 2011/12, which was GBP 0.3 billion lower than the Office for Budget Responsibility estimated net borrowing for 2011/12 of GBP 126 billion.
At the end of June 2012, the public sector net debt excluding the temporary effects of financial interventions was GBP 1,038.3 billion, equivalent to 66.1 percent of GDP.
by RTT Staff Writer
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