Borrowing at record high in UK

Borrowing levels in the UK soared to record levels in December, official figures revealed today.

Borrowing at record high in UK
Mon, 21 Jan, 2008 - 15:19

Borrowing levels in the UK soared to record levels in December, official figures revealed today.

Net borrowing last month reached £7.8bn (€10.47bn) - worse than expected by City experts and a record for December - as a slowing economy hit tax revenues.

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CourtsBusinessHeathrowPlace: UKPerson: ChancellorPerson: Alistair DarlingPerson: Howard ArcherPerson: DarlingPerson: ArcherPerson: Geoff DicksEvent: ChristmasOrganisation: Global InsightOrganisation: British TreasuryOrganisation: Office for National StatisticsOrganisation: ONSOrganisation: British GovernmentOrganisation: Royal Bank of ScotlandOrganisation: Ernst & Young's Item ClubOrganisation: Bank of England
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