Jump to content
House Price Crash Forum

Eu Budget Payment Pushes Up Uk Borrowing

Recommended Posts


UK government borrowing rose to £13.1bn in December, official figures show, largely as a result of a £2.9bn payment to the European Commission budget.

Figures from the Office for National Statistics show public sector net borrowing rose from £10.3bn a year earlier.

From April to December borrowing was £86.3bn, down slightly from the £86.4bn borrowed in the same period a year ago.

The government's borrowing target for the year to April 2015 is £91.3bn.

Although the budget contribution payable to the European Commission appears in the government's December accounts, the actual money will only be paid later in 2015.

So we paid all the £2.9bn in one go then?

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   206 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.