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UK borrowing hits highest December level for four years at £17.8bn
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Borrowing, defined as the difference between public sector spending and income, came in higher than the £14.1bn expected, and represented the highest level of borrowing in December for four years, according to data from the Office for National Statistics. As a result, the current budget deficit reached its highest December figure for two years at £10bn, up from £2.7bn in December a year prior. Jessica Barnaby, deputy director for public sector finances at the ONS, said: «At almost £18bn, borrowing last month was the third highest in any December on record.» Analysts split over Re...
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