Summary
THE level of the UK's public-sector borrowing has outstripped Chancellor Gordon Brown's target for the whole of the current financial year - four months ahead of schedule.
According to the Office of National Statistics public-sector net borrowing in December was GBP 5.2 billion, taking government debt to GBP 37.1bn for the first nine months of the year. That is well ahead of Brown's forecast of GBP 34.2bn for the full year which ends on 31 March 2005.See the full content of this document
Extract
Uk Debt Blasts a Hole in Brown's Public Finances
Though the December figure was lower than the previous year's equivalent of GBP 7.5bn, and expectations of an ...
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