UK’s AAA rating under threat as borrowing rises
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BRITAIN’S coveted AAA credit rating came under further pressure today after official figures showed another leap in public sector borrowing.
The figure, excluding financial interventions such as bank bailouts, was £15.4 billion in December, compared with £14.8 billion in the same month the previous year.
It is slightly worse than the £15.2 billion pencilled in by economists.
It comes after an unexpected increase in November, when borrowing rose
to £17.5 billion, up £1.2 billion from last year, after tax receipts
were dented by lower energy company profits.