Budget Deficit Up To £13.5bn In December

Public finance statistics from the ONS show that the public sector had a current budget deficit of £13.5bn in December 2010 compared with £12.8bn in 2009 and net borrowing of £16.8bn compared with £21bn in 2009 (all excluding the temporary effects of financial intervention). The net debt at the end of December was £889.1bn (£743.5bn in 2009) or 59.3% of GDP.