Tag: borrowing

Government borrowing last month was the second highest figure for August on record and came in £5 billion higher than was expected.

The Government borrowed £10.4 billion in July, the second-highest figure for July since records began. Following a year of lockdowns, U.K. national debt stands at more than £2.2 trillion.

With the Government having borrowed another £24 billion in May and the national debt standing at £2.2 trillion, a former Chancellor has warned there is a "big risk" of inflation spiralling out of control.