Losses on government bonds and higher debt interest caused by rising inflation add to October figure

Government help with energy bills and the impact of a slowing economy helped push UK public borrowing last month to the fourth highest level for an October on record, official figures have shown.

The Office for National Statistics said the gap between the state’s spending and its revenues widened by £4.4bn to £13.5bn last month as payments began under the energy support scheme.

Losses on government bonds and higher debt interest caused by rising inflation add to October figureGovernment help with energy bills and the impact of a slowing economy helped push UK public borrowing last month to the fourth highest level for an October on record, official figures have shown.The Office for National Statistics said the gap between the state’s spending and its revenues widened by £4.4bn to £13.5bn last month as payments began under the energy support scheme. Continue reading…