Public Sector Borrowing £2.7bn

Public borrowing increased again in October. PSNB increased by £2.7bn from £5.9bn in October 2011 to £8.6bn in October 2012. The current budget deficit also increased by £2.3bn from £4.4bn in ctober 2011 to £6.7bn in October this year. Public sector net debt was £1,068.8bn, equivalent to 67.9% of GDP.