Monday, March 20, 2006 

Reuters: Public borrowing double expectations The government borrowed more than double analysts' forecasts in February as spending surged, official data showed on Monday, just days before Chancellor of the Exchequer Gordon Brown delivers his 2006 budget. The Office for National Statistics said on Monday that public sector net borrowing, the government's preferred measure of the public finances, was 2.266 billion pounds in February, above the 1.1 billion pounds predicted by analysts. That was the highest February total since Labour took power in 1997 and left the cumulative PSNB for the fiscal year, which ends at the beginning of April, at 31.737 billion pounds compared with Brown's forecast of 37 billion for the full year made in December.
posted by Johnny  @ 12:41 PM 0 comments

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