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Royal Mail share sale increases UK borrowing by 300 mln stg

The British government's transfer of some Royal Mail (LSE: RMG.L – news) shares to staff as part of the postal group's privatisation added 300 million pounds ($483 million) to public borrowing last month, the Office for National Statistics said on Tuesday. In a statement on how accounting rules applied to the public finances, the ONS ruled that the sale of shares to investors would have no …

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