Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

British Feb. public borrowing sees unexpected jump

British Feb. public borrowing sees unexpected jump (by William L. Watts)

LONDON (MarketWatch) -- Net borrowing by Britain's public sector jumped to 11.8 billion pounds ($19.2 billion) in February, up from 9.5 billion pounds in February 2010. Economists had expected borrowing to decline to 6.9 billion pounds. The figure was the highest on record for February. Total borrowing for the 2010/11 financial year, which ends in early April, stands so far at 123.5 billion, down from 136.6 billion pounds in the same period the previous year. The Office for Budget Responsibility has forecast full-year borrowing to total 149 billion pounds. Public sector net debt was 875.8 billion pounds, equal to 58% of gross domestic product, compared 729.9 billion, or 50.8% of GDP, at the end of February 2010.

Messages In This Thread

British Feb. public borrowing sees unexpected jump