Britain borrows more, threatening new budget target

LONDON (Reuters) – Britain’s government borrowed slightly more than expected in December as the economy continued to struggle, thwarting efforts to erase a large budget deficit and adding to pressure on the country’s top credit rating. Just over a month after official borrowing forecasts for 2012-13 were revised, economists said the figures showed the Chancellor, George Osborne, was almost certain to miss his new annual target, further endangering a deficit-cutting drive that is already running two years behind. The government’s preferred measure of public sector borrowing rose to 15

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Britain borrows more, threatening new budget target

Britain borrows more, threatening new budget target