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Friday, 19 February, 2010
Public Sector borrowing figures for January

Yet more bad news on the public finances front.

January, typically a month when tax receipts exceed public sector payments, due to the tax self assessment deadline, has actually seen borrowing of £4.3bn. The consensus among economists was that they were forecasting a surplus of around £2.6bn. Especially worrying is to see analysts bracketing Britain in with countries like Greece.
 

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