Member Article

Public sector borrowing increased in December

Public sector net borrowing has risen slightly, to £15.4bn in December last year, according to the Office for National Statistics.

The Government borrowed more than expected, fuelling speculation the UK could lose its AAA credit rating.

In December 2011, borrowing was at £14.8bn, and the December increase takes this financial year’s borrowing to £106.5bn; £7.2bn higher than in the same period the previous year.

The figures exclude the transfer of assets and liabilities from the Royal Mail Pension Plan to a new government run, unfunded public sector pension scheme.

This was posted in Bdaily's Members' News section by Tom Keighley .