UK public sector borrowing overshoots forecasts

Published July 20, 2012 9:41am ET



LONDON (AP) — U.K. public sector borrowing rose more than expected in June, to 14.4 billion pounds ($22.6 billion), according to official data released Friday that raise doubts over the government’s ability to meet its deficit targets.

The disappointing news came a day after the International Monetary Fund said the government may have to ease up on its deficit-cutting program if the economy doesn’t return to strong growth.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.