LONDON Dec 17 Britain's public debt is likely
to be revised up by 30 billion pounds ($49 billion) next
September due to changes to European Union guidance on public
accounts, the country's statistics agency said on Tuesday.
Network Rail, the state-owned company that manages Britain's
railway network, will be reclassified as a public-sector company
rather than as a private one, adding 30 billion pounds to public
sector net debt, backdated to the 2012/13 tax year.
The correct treatment of the transfer of Royal Mail's
historic pension assets and liabilities to the
government prior to its privatisation will need further
assessment, the ONS said, but is likely to add 9 billion pounds
to public sector net borrowing recorded for April 2012.