The U.K. government borrowed far more than expected in August, again, as tax receipts fell...

|By:, SA News Editor

The U.K. government borrowed far more than expected in August, again, as tax receipts fell sharply. Public sector borrowing (.pdf) jumped to £16.1B from £6.2B a year ago, the third highest month on record. U.K.'s public debt of £805B is now equal to 57.5% of the GDP.