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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Public finances hit by surge in debt costs, oil below $110

Inflation

Debt interest payments by the Government soared in May as inflation’s surge hit the public finances.

The overall debt interest cost of £7.6 billion was the third highest in any single month and the highest ever for May as an RPI uplift on index-linked gilts contributed £5 billion.

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