Bad day: Britain moves deeper into the red after paying £2.9b EU bill
January 23, 2015
Britain has moved deeper into the red after a £2.9bn payment to the European Commission. Data from the Office for National Statistics showed the government borrowed £13.1bn in December – up from £10.3bn a year earlier. The UK’s deficit rose higher thanks to the controversial payment to the European Commission budget, pushing the national debt up to a record £1.48tn.
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