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Lancashire News, Sport, Whats On in Lancashire
Thursday February 23rd 2012

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Sports Headlines

Mancini pleased with display
Manchester City chief Roberto Mancini was full of praise for his side after they cruised into the last 16 of the Europa League.

Basel shock Bayern
A late goal from substitute Valentin Stocker gave Basel a shock 1-0 win over Bayern Munich in the first leg of their Champions League last 16 clash.

Lancashire International News: UK Public Debt Passes £1 trillion marker.


Britains total debt reaches a record high, but Decembers borrowing is lower than expected.

The UK sovereign borrowing debt pile rose above £1 trillion for the first time ever in December. Newly released official figures show that net debt, excluding any financial interventions reached £1,003.9bn, equal to around 64.2% of GDP.

The £1tr mark was breached despite the fact that public borrowing in December (£13.7bn) was lower than analysts predicted (£14.9bn).

Economists warned that a return to a recession if the government step in to cut deficits could throw the deficit reduction strategy off course leading to Britain being worse off in the long run.

Tuesday January 24th 2012
The Onlines

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