Government borrowing in December surges to £17.8 billion
- The UK government borrowed £17.8 billion in December 2024, which is £10.1 billion more than in December 2023 and the highest level for the month in four years.
- Between March and December 2024, borrowing totaled £129.9 billion, which is £8.9 billion more than the same period a year earlier.
- The amount of interest paid on national debt was £8.3 billion in December 2024, which is £3.8 billion more than in December 2023 and the third-highest figure since records began.
- The Independent Office for Budget Responsibility will present its latest economic forecast to Parliament in late March, warning that public debt could soar as the population ages and tax income falls.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left4Leaning Right5Center6Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 27%
C 40%
R 33%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
