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Poor public finance data revealed

25 May 2011
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Poor public finance data revealedOfficial figures for public sector finances for April 2011 show that the UK's budget deficit is higher than anticipated.

Operations management principles may be more important than ever after Office for National Statistics reported net borrowing stood at £10 billion, excluding financial interventions, for the month.

This compares with a total of £7.3 billion for April 2010, while net stood at £910.1 billion last month, or 60.1 per cent of gross domestic product, up from £765.5 billion 12 months earlier.

In response to the data, British Chambers of Commerce chief economist David Kern stated: "The fragility of the economic recovery is creating a difficult backdrop, but the government must not deviate from its strategy to restore stability in the UK's public finances."

He stressed the importance of reducing spending through continuous improvement rather than raising taxes and added that policies need to be implemented alongside cuts aimed at creating jobs and business growth.ADNFCR-3058-ID-800556727-ADNFCR
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