{"id":17142,"date":"2010-12-21T07:38:10","date_gmt":"2010-12-21T12:38:10","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17142"},"modified":"2010-12-21T07:38:10","modified_gmt":"2010-12-21T12:38:10","slug":"uk-public-sector-borrowing-soars-in-november","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/21\/uk-public-sector-borrowing-soars-in-november\/","title":{"rendered":"UK Public Sector Borrowing Soars In November"},"content":{"rendered":"<p style=\"font-size: 12px;\">This morning the Treasury has announced that public sector borrowing for November soared to its highest ever level, \u00a0reaching \u00a323.3 billion compared to \u00a317.4 billion a year ago.<\/p>\n<p style=\"font-size: 12px;\">The news casts serious doubts on the credibility of the Coalition Government\u2019s spending plans.<\/p>\n<p style=\"font-size: 12px;\">Commenting on the figures Philip Shaw at economics firm Investec told The Telegraph: \u201cNovember\u2019s numbers seem to be a result of very strong spending and weak receipts growth and it is very difficult to judge whether this is just a rogue figure or whether it re presents something more fundamental.\u201d<\/p>\n<p style=\"font-size: 12px;\">Following the announcement sterling fell against the euro and dollar.<\/p>\n<p style=\"font-size: 12px;\">The pound has already been adversely affected today by announcements that UK consumer confidence has hit a 12 month low.<\/p>\n<p style=\"font-size: 12px;\">by Peter Lavelle with <a href=\"http:\/\/www.purefx.co.uk\">foreign currency exchange<\/a> specialist Pure FX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning the Treasury has announced that public sector borrowing for November soared to its highest ever level, \u00a0reaching \u00a323.3 billion compared to \u00a317.4 billion a year ago. The news casts serious doubts on the credibility of the Coalition Government\u2019s spending plans. Commenting on the figures Philip Shaw at economics firm Investec told The Telegraph: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/12\/21\/uk-public-sector-borrowing-soars-in-november\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UK Public Sector Borrowing Soars In November&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17142","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=17142"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17142\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}