UK government borrows almost £17bn in December as inflation soars - short news
Rising tax receipts partly offset by surge in interest payments on the £2tn national debt
The government borrowed almost £17bn to balance its books last month – the fourth highest December total on record – as the public finances felt the impact of sharply rising inflation.
Rising tax receipts were partly offset by a surge in interest payments on the £2tn national debt, swelled by the emergency measures to support the economy over the past two years.
Continue reading...source: The Guardian - 25.01.2022