U.K: Public sector net borrowing deficit up in February.

Wednesday, 21 March 2012 02:26

According to report of Office for National Statistics, U.K’s net public sector borrowing deficit increased to GBP12.9 billion in February.

Today’s reading brings a surprise for analysts, who expected only 5.2 billion pounds deficit.

January’s reading was revised today to GBP10.2 billion of negative balance.

Another measurement preferred more by government officials- public sector net borrowing excluding financial interventions totaled at 15.2 billion pounds, after reaching 8.9 billion year earlier.


Later on today, release of British annual budget is expected.