The U.K. budget deficit increased in September from last year, data published by the Office for National Statistics showed Tuesday.
Public sector net borrowing excluding interventions totaled GBP 11.8 billion in September, an increase of GBP 1.6 billion from the same period of last year.
This increase in net borrowing is predominantly a result of an increase of GBP 1.6 billion in central government net borrowing, the ONS said.
Public sector net debt excluding financial interventions was GBP 1,451.3 billion in September, GBP 100.7 billion or 7.5 percent higher than at the end of September 2013.
For the financial year-to-date 2014/15, PSNB excluding banking groups came in at GBP 58 billion, an increase of GBP 5.4 billion from the prior year.
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