Public borrowing rises

Public sector net borrowing has risen by more than expected, by £2.7 billion to £8.6 billion in October. And public sector net debt has now passed the trillion mark; it now stands at £1.1 trillion

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Public sector borrowing rises more than expected

Oh dear - public sector net borrowing rose far more than expected in October: £8.6bn vs the £6bn expected and well above £5.9bn in Oct '11.

Meanwhile the Bank of England's appetite for more quantitative easing has slowed more than expected: Only 1 member called for more while they disagreed over its impact.

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