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June Net Borrowing Posts Rise On The Year
June public sector borrowing in the UK was up compared with last year, and excluding the positive impact from the Royal Mail pension transfer, the deterioration was far worse, figures from National Statistics showed on Friday. Public Sector Net Borrowing excluding financial sector interventions stood at Stg14.447 billion in June, up from Stg13.919 billion in the same month a year earlier, compared with the median of Stg13.2 billion. For the year to date borrowing stood at Stg14.9 billion compared with Stg38.4 billion in the same period in 2011/12. But the figures are flattered by the one-off transfer of the Royal ... (full story)