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Evening Standard
Evening Standard
Business
Jonathan Prynn

UK borrows £4.3bn in July as monthly interest hits new record

The Government borrowed £4.3 billion last month as interest payments on the public sector’s vast debt mountain hit a record £7.7 billion.

Latest figures from the Office for National Statistics (ONS) showed that July’s borrowing was the fifth highest for the month after the three years following the global financial crisis and the first year of the pandemic.

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