Britain's government borrowed more last month than in any December since monthly records began 30 years ago, reflecting the huge cost of energy support, soaring debt interest linked to rising inflation
The Office for National Statistics said public sector net borrowing, excluding state-owned banks, was 27.4 billion pounds in December, up from 10.7 billion pounds a year earlier.The ONS said the large figure for borrowing in December was "largely because of a sharp rise in spending on energy support schemes and an increase in debt interest."
She added that finance minister Jeremy Hunt would likely need to wait until closer to the next general election - due in January 2025 at the latest - before he can announce tax cuts.
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