A record £19.4 billion of interest payments were made on government debt last month as inflation surged, official figures revealed today.
Public sector net borrowing reached £22.9 billion, the second highest for June since monthly records began in 1993 and up by £4.1 billion on a year ago.
The release from the Office for National Statistics comes a day after it emerged that inflation reached 9.4%, with economists expecting 12% later this year.
