LONDON, Dec 17 (Reuters) - Britain's statistics agencyproposed revamping what is included in the government's headlinepublic finances measure on Tuesday, in a move that could add 82billion pounds ($134 billion) to the main measure of publicdebt.
The Office for National Statistics said its measures ofpublic sector net borrowing and debt excluding financial sectorinterventions were "no longer fit for purpose" and should bereplaced by measures that just exclude public sector banks.
The new measure would be 82 billion pounds higher than theexisting one as government shares in Royal Bank of Scotland and Lloyds Banking Group would no longer bedeemed liquid assets as well as changes to the treatment of theBank of England's Asset Purchase Facility, the ONS said.
Britain's public sector net debt, excluding financial sectorinterventions, stood at 1.207 trillion pounds at the end ofOctober 2013, equivalent to 75.4 percent of gross domesticproduct.
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