Financial Favourites

Financial Information Blog
  • scissors
    July 21st, 2009JohnBritish Economy, Loans

    BBC News reports:

    UK public sector borrowing in June was almost twice as much as a year ago, after the downturn shrank tax receipts.

    Borrowing reached £13bn – a record high for the month of June – compared with £7.5bn in June 2008, the Office for National Statistics (ONS) said.

    Total outstanding government debt rose to £799bn, or 56.6% of UK GDP – the highest since records began in 1974.


    Tags: , , , ,