Britain might borrow 65 billion pounds

Tuesday, 26/07/2016 | 08:20 GMT-0

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Britain might borrow more in the upcoming years, compared to the initial estimations, approximately 65 billion pounds or $85 billion, Philip Hammond, the nation's new finance minister, said.

Britain's borrowing to increase more since 2010

Based on the economists' and rating agencies' expectations, the borrowing will highly likely increase for the first time since 2010.

According to Hammond's statement, having taken office two weeks ago, the British economy needs to change, amid placing the numbers in a proper manner.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/britain-might-borrow-65-billion-pounds

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