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Net borrowings of public sector came to ￡ 15 6bn last month, ￡ 8bn 14 a year earlier, said the national statistical office. Book lights originally in the wake of data worse than expected, analysts expected to show a reduction in borrowing 5.3 ￡ 14.

At the end of September, the total net debt amounted to ￡ 952bn, equivalent to 64 6pc of GDP, the highest in the months since the beginning of the records in 1993.Figure, which compared to ￡ 822bn a year ago represents a charge close to ￡ 15,000 per resident United Kingdom. than the cost of Bank rescues, total net debt was still a record at ￡ 843bn.

"Another month, another record," said Hetal Mehta, an economist at Daiwa Capital Markets. "Data today highlight, the magnitude of the challenge ahead. "Economists said more difficult figures for Chancellor achieve its objective of reducing the budgetary deficit of ￡ 155bn to ￡ 149bn this year.

So that the tax revenue, the data also show that the additional income was countered by a surge in interest in ￡ 2 United in September, ￡ 912 million payments a year earlier. This was due to higher inflation that grow the interest payable on gilts index as well as the sharp increase in the debt-related according to Nida Ali, the Club de Ernst & Young Economist point.

George Osborne seized on debt figures to demonstrate the urgency of unveiled yesterday in his review of spending cuts. ""It takes time to make u-turn supertanker debt", he said."We will ensure... that we not saddle our children with interest on the interest on the interest of the debt that we weren't ready to pay for ourselves."

Markets took confidence Chancellor commitment "to keep during" and decide against moves the burden of cuts at the end of the Parliament.The pound sterling has increased but gilts were virtually unchanged, with much of the reaction affected by lower debt and the growing prospect of printing money figures by the Bank of England.

Sterling rose from 0 8pc against the dollar at $1.5855 and slightly weakened against the euro falling €1.1403 to €1.1351 .Cochette yields on
10-year debt fell from 0.02 points to 2 98pc.

The 83bn ￡ planned tightening was reduced to ￡ 81bn due to "inherited from the last Government contractual obligations" which rendered unable to thin the capital budget spending by as much espéré.Cependant, calendar and overall spending levels were left unchanged.

To achieve its objectives, the Government has changed much of the burden on social assistance recipients and workers in the public sector than expected initialement.Un extra ￡ represents welfare cuts along with ￡ 1 8bn of reforms in the public sector pension savings and a further ￡ 3 "savings" lighten the load of departmental budgets.

Expenses by departments fall from ￡ 394bn this year to ￡ 2015.Il 389bn was however, forecasts, retractable at ￡ 376bn in June in case of emergency when result, these departments "unprotected", all budget health bars and assistance, will see their budgets cut by 19pc just rather than 25pc forecasts.

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