The first seven months of financial year 2010/11 had shown some encouraging signs, with government borrowing consistently lower than the previous year. However, the November data was very poor, with PSNBX (Public Sector Net Borrowing excluding financial interventions) coming in at ￡23.3bn, the highest monthly borrowing figure on record. This was nearly ￡6bn higher than November 2009 and almost wiped out all of the earlier improvement in the year-to-date borrowing totals.
展开▼
