LONDON - Britain public loans exceeded the highest level ever recorded for the month of April - a blow to the much-publicised deficit reduction plans of the Government.
The National Statistics Office, said Tuesday that public borrowings, excluding financial interventions such as bailing out banks, reached 10 billion pounds ($16 billion) in April, compared to 7.3 billion pounds the previous year.
It is much higher than expected, economists about 6.5 billion pounds, cast doubt on the question of whether the coalition Government led by the conservative can reach its goal of reducing the deficit to 122 billion pounds this year.
The Office of the tax received said statistics in April of last year was boosted by a single tax on the bonuses of bankers which introduces 3.5 billion pounds.
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