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UK official public deficit rise threatens credit rating

AFP
January 23, 2013, 4:33 pm TWN

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LONDON -- British state borrowing jumped in December, official data showed on Tuesday, stoking renewed speculation over the country's top-level “AAA” credit rating, according to economists.

Public sector net borrowing climbed to 15.4 billion pounds (US$24.4 billion) last month, the Office for National Statistics said in a statement.

That was worse than market expectations for public borrowing of 15.2 billion pounds in December, according to analysts polled by Dow Jones Newswires, and compared with borrowing of 14.8 billion pounds in December 2011.

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