Blow for Jeremy Hunt as government borrowed £8.4bn last month - more than ... trends now
View
comments
Jeremy Hunt was dealt a blow today as government borrowing for February came in higher than expected.
Public sector net borrowing was £8.4billion last month, significantly above the £6billion analysts had pencilled in.
A rise in tax revenues - largely because of the 'stealth raid' from frozen thresholds - and lower debt interest costs were offset by higher spending including the inflation-linked boost to benefits.
However, borrowing was still £3.4billion lower than the same month a year earlier as the slow recovery from the pandemic continues.
Jeremy Hunt was dealt a blow today as government borrowing for February came in higher than expected
Public sector net borrowing was £8.4billion last month, significantly above the £6billion analysts had pencilled in
Borrowing was still £3.4billion lower than the same month a year earlier as the slow recovery from the pandemic continues
