UK finances deteriorate further.

The source of the figures is the Office of National Statistics. The relevant report is listed on this page.

These figures are bad, possibly even ghastly (as the BBC calls them). Jan should really be a good month for Public Sector Net Borrowing Requirement (PSNBR); by statute several types of taxes are collected. Analysts were expecting debt repayment not increased borrowing.

Are we as a country living beyond our means? I await the treasuries interpretation.