Borrowing hit highest level EVER in December as interest on £2.5tn debt ... trends now
Borrowing hit highest level EVER in December as interest on £2.5tn debt ... trends now
Jeremy Hunt pours cold water on hopes of early tax cuts after borrowing hit highest level EVER in December - as interest on £2.5tn debt mountain reached record £17billion and energy support scheme added to costs
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Jeremy Hunt poured cold water on Tory hopes of early tax cuts today after figures showed borrowing hitting a new record last month.
The Chancellor warned of the need to get government debt falling as another £27.4billion of liabilities were racked up last month - £16.7billion more than the same month in 2021. It was the highest since comparable data started being collected in 1993.
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