Public sector net borrowing in U.K. on plus surprisingly…

Tuesday, 22 May 2012 03:46

Thanks to Royal Mail assets transfer (GBP28 billion) in April public net sector borrowing in U.K. recorded unexpected surplus of GBP18.8 billion- Office for National Statistics said today.
In March the difference between governments’ spending and incomes reached deficit of GBP14.6 billion.
The public sector net borrowing, excluding financial interventions (bank bailouts) also recorded surplus of GBP16.5 billion in April.
GBP/USD was traded at 1.5814 after ONS released its report.