Public sector net borrowing in the UK was GBP 19.1 billion in March, up GBP 7.6 billion from the previous year's GBP 11.5 billion, the Office for National Statistics said Tuesday. Economists had expected an increase to GBP 15.5 billion from the previous month's GBP 8.9 billion borrowing.

Meanwhile, the public sector net cash requirement rose to GBP 28.4 billion from net cash requirement of GBP 11.4 billion last year and GBP 4.657 billion in February. Meanwhile, the forecast was for GBP 15.5 billion.

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