UK Public Deficit and Gilt Issues
Thursday, June 18th, 2009
In the UK the public sector net borrowing requirement known as the (PSNBR) stood at its highest level this month since it had started to record in1993. In May approximately there was 20 billion pounds in public deficit which have impacted on government tax revenues becuase of the recession.
The UK government will also be required to raise about £220 billion this year, up about 50% from last year.
Source:
http://www.news.com.au/perthnow/story/0,21598,25657199-5017962,00.html
http://online.wsj.com/article/SB124517533763719779.html