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William Hill says it now sees the UK as odds-on to re-enter recession during 2013, with two consecutive negative growth periods between the forth quarter of 2012 and forth quarter of 2013.
The unexpected increase in borrowing in November came after tax receipts were hit by lower energy company profits.
Public sector net borrowing rose by £600 million to £15.4 billion in December, according to the Office for National Statistics.
Latest ITV News reports
The UK is in danger of entering a triple-dip recession, as the national debt increases.