British government borrowing shot up to a December record on the back of a climbing debt interest bill and the cost of energy subsidies for households and businesses. Official figures show public sector borrowing hit £27.4 billion last month, the highest for December since equivalent records began, according to the Office for National Statistics (ONS). It eclipses the high borrowing of the pandemic and is far above economist expectations of £17.7 billion.
Times 25th Jan 2023 read more »
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