The United Kingdom released the public finance reports for March, where the public finances deficit widened beyond expectations to 16.5 billion pound from the revised previous surplus of 8.2 billion from 7.8 billion, missing estimates of 13.0 billion of deficit.
Moreover, the public sector net borrowing surged to 15.9 billion pound from the revised previous of 9.9 billion from 12.9 billion, worse than the expected deficit of 14.2 billion.
The public sector net borrowing excluding interventions also surged in March to 18.2 billion from the revised previous of 12.2 billion from 15.2 billion, worse than the expected deficit of 16.0 billion.
Most Popular Slideshows
- Arjun Kapoor Promotes '2 States' at Gaiety Galaxy Theatre [PHOTOS]
- Celebrating the Success of 'Bhoothnath Returns' [PHOTOS]
- Day 1 of 2014 NBA Playoffs Filled With Upsets as Hawks, Warriors and Nets Get Road Wins [PHOTOS]
- 'Harry Potter's' Emma Watson Turns 24: Her Most Fashionable Moments to Date [PHOTOS]