Government borrowing lower than forecast

Public sector borrowing, excluding the cost of bailing out the banks, was lower than expected over the 2010-11 financial year. In March 2011, the last month of the financial year, net borrowing was £18.6bn, which was down on the £19.8bn borrowed in March 2010. This means total public sector net borrowing was £141.1bn for the year, which compares with £156.5bn … Continue reading

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Big increase in government borrowing last month

Public sector net borrowing reached £11.8bn in February, which compares with £9.5bn borrowed in February 2010, according to the ONS. This was a record level for any February. The figure was far higher than economists had been forecasting and means that total public sector net borrowing is now at £123.5bn for the financial year to date, which is 9.6% down … Continue reading

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Improvement in public sector finances

Public sector net borrowing in January 2011, showed a surplus of £3.7 billion compared with a deficit of £1.3 billion in the same month last year. Traditionally the country does show a surplus during January as a result of a lot of income tax and corporation tax bills being paid, but these figures are a vast improvement on last year. … Continue reading

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