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Britain Borrows Record 16 Bln Pounds in August

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The recession's toll on Britain's public finances was highlighted Friday by official figures showing the government borrowed another 16.1 billion pounds ($26.3 billion) during August -- a record for the month, AP reports. Though August's borrowing was slightly lower than the 18 billion pounds forecast by most economists, it still represented the highest ever for the month, and the third biggest monthly borrowing total since records began.
SOURCE:   Associated Press

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