Public sector net borrowing rises in U.K.

Tuesday, 24 April 2012 01:59

 U.K. National Statistics Office confirms in report that sector net borrowing, or the difference in value between public spending and income totaled has grown to GBP 15.9 billion in March, compare to February’s GBP 9.9 billion. The previous analysis for March was GBP 14.4 billion. Meanwhile the net debt of U.K.  excluding the temporary effects of financial interventions grown to record-high GBP 1022.5 billion, what is equal 66.0% of GDP.

Following the release of U.K.N.S.O report GBP/USD grows 0.11%,to trade on 1.6150.