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Tuesday, 09 February 2010 GMT
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UK Budget Deficit to Add 18 Billion Pounds in August
Friday, 18 September 2009 01:49:58 GMT
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The UK Public Sector Net Borrowing report is expected to show that the government deficit expanded by a whopping 17.6 billion pounds in August, the most since May. Public debt has swelled by a whopping 73.1 billion points so far this year and is expected to average 13% of the economy’s total output, the most among the G10 nations. To that effect, the data’s release may prove to weigh on the British Pound, stoking fears that Europe’s third-largest economy could face a cut of its sovereign credit rating.
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