The U.K. budget deficit widened more than expected in November, the Office for National Statistics said Tuesday.
Public sector net borrowing excluding public sector banks rose GBP 1.3 billion from last year to GBP 14.2 billion in November. In October, the deficit totaled GBP 7.4 billion. The expected level of deficit was GBP 11.8 billion.
At the end of November, public sector net debt excluding public sector banks was GBP 1,536.4 billion, equivalent to 80.5 percent of gross domestic product.
In the current financial year-to-date, public sector net borrowing decreased GBP 6.6 billion to GBP 66.9 billion.
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