U.K. Public Sector Net Borrowing
The Office for National Statistics announced today the biggest decline in public sector net borrowings. The surplus reached GBP 10.7 billion in January, the highest since 2008.
After 11.1 billion pounds deficit recorded in December economists estimated only GBP8.9 billion surplus for January.
Net borrowing in a public sector it’s a difference between income and spending of government and public companies.
British pound was traded at 1.5850 against USD at the time of report release.
