skip to content


U.K. Dec. public borrowing up less than forecast

LONDON (MarketWatch) -- The British government's net borrowing requirement in December rose less than expected to 15.7 billion pounds ($25.6 billion), up from 13.8 billion pounds in December 2008, the Office for National Statistics reported Thursday. Borrowing was forecast to rise to 18.4 billion, but the total was still the highest on record for the month of December, the ONS said. For the financial year to date, public-sector net borrowing stood at 119.9 billion. The government has forecast a full-year requirement of 178 billion pounds. Public sector net debt rose to 870 billion pounds, equivalent to a record 61.7% of gross domestic product.

Partner Center