UK Budget Deficit At Second Highest November Level On Record

The UK budget deficit widened to its second-highest level for the month of November since records began in 1993, largely due to the surge in the debt cost, the Office for National Statistics said on Tuesday. Public sector net borrowing totaled GBP 17.4 billion in November, down by GBP 4.9 billion from the same period last year. This was also bigger than the economists' forecast of GBP 16 billion.

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