U.K. public sector borrowing rises

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"The Government is committed to dealing with the deficit"
- Treasury spokesman

British public sector borrowing rose by more than expected in May, said the Office for National Statistics on Tuesday. Net borrowing came in at 15.6 billion pounds, a rise of almost eight per cent from the same period the previous year.

"It is too early in the financial year to draw conclusions about the year as a whole, especially as today's public finances data include a number of one-off factors and temporary distortions," said a spokesman for the Treasury.

"The Government is committed to dealing with the deficit, which will help keep interest rates lower for longer and support millions of families and businesses across the country."

© Dukascopy Bank SA

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