U.K. public borrowing hit an all-time high last month as interest costs rose and tax receipts...

|By:, SA News Editor

U.K. public borrowing hit an all-time high last month as interest costs rose and tax receipts fell. Public sector net borrowing came in at £10B ($16.1B) in April, not counting the government's intervention in the banking industry. Borrowing was a mere £7.3B in April 2010.