Government borrowed £13.9bn more in month than year earlier, a level not seen since records began in 1993

Government support for households and businesses with energy bills and higher interest payments pushed UK public borrowing to a record £22bn in November, the highest level for the month since records began.

The Office for National Statistics (ONS) said the state spent more than it received in taxes and other income, meaning it had to borrow £13.9bn more in November than a year earlier, taking borrowing to its highest level for the period since monthly data started being issued in 1993.

Government borrowed £13.9bn more in month than year earlier, a level not seen since records began in 1993Government support for households and businesses with energy bills and higher interest payments pushed UK public borrowing to a record £22bn in November, the highest level for the month since records began.The Office for National Statistics (ONS) said the state spent more than it received in taxes and other income, meaning it had to borrow £13.9bn more in November than a year earlier, taking borrowing to its highest level for the period since monthly data started being issued in 1993. Continue reading…