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Evening Standard

Business

Jonathan Prynn

Government borrowing surge means public debt mountain now equals £95,300 per household

Pandemic

The public sector pay bill rose sharply last year (Yui Mok/PA) - (PA Wire)

Government borrowing spiked to £151.9 billion last year in a far higher than forecast increase, latest official figures reveal today.

It means the UK’s net public debt now stands at £2.81 trillion, equivalent to £95,300 per household.

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