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Figures from the Office for National Statistics (ONS) show public sector net borrowing, excluding state-owned banks, was in surplus of PS10bn in January, better than economist expectations for a surplus of PS9.
Despite making progress against the strategic priorities we set out in our 2016 results announcement in March, average net borrowing has increased above the level we expected, which means that we will no longer be able to meet our target of reducing leverage for the full year," said Philip Green, Non-Executive Chairman.
38 Net lending (+) or net borrowing (-) from -287,378
The net borrowing with government securities is approaching zero, said the Ministry of Finance.
The Office for National Statistics said public sector net borrowing excluding banks dropped by PS0.
The BBA also said that over the past year, net borrowing through personal loans has been rising at an annual rate of more than five per cent.
Public sector net borrowing in the UK decreased by GBP1.
The Office for National Statistics (ONS), the national statistical institute for the UK, released its Public Sector Finances statistical bulletin for October 2104 on Friday, which reveals public sector net borrowing, excluding public sector banks (PSNB ex) from April to October 2014 amounted to GBP64.
Currently, the government has been retiring the banks' debt as net borrowing from banking system is still minus Rs378bn.
Net borrowing excluding temporary support for banks was Au11.
The research found that higher capital repayments continued to generate the contractions in borrowing stocks seen over the past year and explained the subdued picture of net borrowing.
Public sector net borrowing, excluding distortions such as bank bailouts and quantitative easing (QE) cash transfers, was PS488m compared with a surplus of PS823m a month earlier.
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