Upcoming GDP figures 'not likely to be pretty'

If you include taxpayer support for banks (and hopefully we will get some of that back one day), and national debt, the figure goes to 140% of GDP. The figures are a reminder, should we need one, of how hard this economic climate is - GDP on Friday not likely to be pretty.

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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.