Amount of debt in the UK remains high

Amount of debt in the UK remains high

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Amount of debt in the UK remains high

The volume of government borrowing in the UK in August remained at a high level, which was a serious obstacle to the Minister of Finance, who is trying to reduce the budget deficit, according to official data.

According to the National Statistical Office, the national debt was in the last month of 11 billion pounds.

The total amount of debt this year to 45.6 billion pounds, up 6.2% compared with the same period a year earlier. Nevertheless, a comparison is made difficult due to changes in the methodology for calculating this year.

Recent data have to comply with EU standards, so they include data on interventions in the financial sector, which are not included in past statistics.

As part of the reform of the railway infrastructure operator Network Rail has become a public entity. The old methodology old settlement value of the index rose to 12.5 billion pounds to 11.5 billion pounds, recorded in August 2013

Despite the strengthening of economic growth in the UK, while wages are not rising, that worries experts. In May and July, the average salary increased by 0.7% compared with the same period a year earlier.

Earlier, the head of the Bank of England Governor Mark Carney cited as one of the arguments in favor of maintaining the record low interest rates in Britain sluggish increase in wages.

The number of British citizens receiving unemployment benefits dropped in August 2014, confirmed the information provided by the National Statistics Office (ONS) of the country.

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