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Home Business News UK borrowing soars to record levels

UK borrowing soars to record levels

by LLB Finance Reporter
25th Sep 20 11:30 am

The UK government has borrowed £35.9bn in August, official figures from the Office for National Statistics (ONS) reveal.

This figure was £30.5bn more than it borrowed in August 2019. This increase means that the borrowing figure hit its highest amount for August since records began in 1993.

Borrowing between April and August totalled £173.7bn, which has also set a new record.

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