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Public borrowing expected to rise

Publié par Clifford Armion le 22/01/2013

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Press Association

Britain's coveted AAA credit rating will come under pressure on Tuesday, with experts predicting more bad news on public finances.
Economists predict public borrowing, excluding financial interventions such as bank bailouts, rose to £15.2bn in December, compared with a deficit of £14.8bn last year.
It will be closely watched after an unexpected increase in November, when the requirement leapt to £17.5bn, up £1.2bn from last year, after tax receipts were dented by lower energy company profits.
Howard Archer, the chief UK and European economist at IHS Global Insight, said: "The recent poor public finance data are fuelling high and mounting expectations that at least one of the credit rating agencies will strip the UK of its AAA rating within the next few months."
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"Public borrowing expected to rise", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), janvier 2013. Consulté le 20/04/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/public-borrowing-expected-to-rise