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The Independent UK
The Independent UK
National
Simon Neville

Government interest payments on borrowing soar as inflation rises

PA Wire

Soaring inflation led to interest payments on Government debt rising to the highest level since records began nearly 25 years ago.

Interest payments reached £6.1 billion in January compared to just £1.6 billion in the same month a year ago as the RPI measure of inflation used on Government debt payments hit 7.8%.

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