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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