Tuesday 24 May 2011

Osborne borrowing more than ever


Public borrowing was £10bn in April - the highest figure ever recorded for that month.

So much for George Osborne's "deficit reduction" strategy - the latest figures show that borrowing is higher than ever. Today's data release by the Office for National Statistics reveals that public borrowing rose to £10bn last month, £2.7bn higher than a year ago and the worst figure ever recorded for the month of April.