Fri, 21 Sep 2012 18:07:12 GMT
U.K. public sector borrowing hits record high in August
The U.K. public sector borrowed 14.4
billion Pounds in August, posting record deficit since the records begun, the
Office for National Statistics said Friday. Analysts had predicted U.K's public
sector borrowing to rise 15.0 billion. Overall, public
sector's net debt reached 1,039.5 billion Pounds, and composes 66.1% of the U.K.
GDP.