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UK Borrowing Up

Government unexpectedly borrowed six hundred million pounds in July.

Reason Staff | 8.21.2012 2:54 PM


The UK government unexpectedly had to borrow money in July, traditionally a good month for tax receipts.

Borrowing to cover the gap between spending and revenue was £600m in July,the Office for National Statistics said. There was a surplus of £2.8bn in the same month a year earlier.

Reason Staff
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