U.K. Budget Deficit Widens In December

The U.K. budget deficit widened to GBP 15.4 billion in December from GBP 14.8 billion in the prior year, the Office for National Statistics said Tuesday. The expected deficit for December was GBP 15.2 billion.

Spending increased 5.4 percent from the same period of last year and government revenues climbed 3.6 percent in December.

During April to December, public sector net borrowing, excluding interventions, increased to GBP 106.5 billion from GBP 99.3 billion seen in the previous year.

by RTT Staff Writer

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