Public sector borrowing rises

Public sector net borrowing rose by £600 million to £15.4 billion in December, according to the Office for National Statistics.

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Britain's national debt rises to £1.1 trillion

So the debt is now at a whopping £1111.4 billion - Office for National Statistics says that is 70.7% of GDP - ouch. Public spending rising (and remember it is rising still despite the cuts) faster than what the government is getting in from taxes.

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