Public sector borrowing hits record levels

first_img KCS-content Public sector borrowing hits record levels PUBLIC sector net borrowing reached a record high in August, surprising analysts who had expected the figure to have dropped since last year.The Office of National Statistics (ONS) said public sector net borrowing stood at £15.9bn in August, up from £14.1bn in the same month last year and the highest rate since records began in 1993. Economists had expected the figure to be around £12.5bn. Public sector net borrowing now stands at £58.1bn for the financial year to date, but the figure is down slightly from £61.9bn for the same period last year. The ONS said the rise in borrowing came as rising inflation meant interest payments rose to £3.8bn last month, from £1.3bn in August 2009. Show Comments ▼ Tuesday 21 September 2010 8:34 pm whatsapp Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img

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