Monday, Sep 24, 2007
UK governments finances swung into deficit in August, registering the worst readings for that month since records began
ft.com: The public sector borrowed £9.1bn in August, £2.3bn more than in the same month the previous year and above forecasts for borrowing of £6bn.
The figures follow a record public sector surplus in July but could nevertheless raise questions over the government’s ability to hit its borrowing target of £34bn in this financial year.
Posted by chris @ 12:27 PM (280 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
Well, if they will keep tipping billions into that multi-trillion hole, they'll have to borrow it from somewhere.. It's going to cost them dearly to just about line the floor of the pit and they still won't have had any significant impact on filling it.