UK DATA: May PSNB-X Stg17.943bn vs stg15.195bn in May 2011
-UK May CGNCR Stg13.273bn vs stg10.7724bn in May 2011
-UK May PSNB Stg15.58bn vs stg12.326bn in May 2011
-UK May Current Budget-x -stg6.896bn vs -stg14.216bn in May’11
-UK May PSNB-X Largest since March 2011
-UK May PSNB-X Larger than analysts median forecasts
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The UK public finances are looking less healthy this
May than they were a year ago, with public sector net borrowing rising
and increasing more rapidly than analysts had forecast.