According to report of Office for National Statistics, U.K’s net public sector borrowing deficit increased to GBP12.9 billion in February.
Today’s reading brings a surprise for analysts, who expected only 5.2 billion pounds deficit.
January’s reading was revised today to GBP10.2 billion of negative balance.
Another measurement preferred more by government officials- public sector net borrowing excluding financial interventions totaled at 15.2 billion pounds, after reaching 8.9 billion year earlier.
Later on today, release of British annual budget is expected.
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