Surging inflation pushes cost of servicing govt debt to December record of £8.1bn

Summary by Sky News
Rishi Sunak says he will be sticking to his fiscal rules as inflation - already at its highest level for almost 30 years - threatens to keep adding more to the cost of interest payments on the national debt.
4 months ago·London, United Kingdom

News Articles

BBC News

Government borrowed less than expected in December

Borrowing hit £16.8bn last month as pandemic support for the economy continues.

4 months ago·United Kingdom
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Reuters

Surging UK inflation erodes Sunak's room for budget manoeuvres

Britain's government looks firmly on track to borrow less this tax year than forecast only two months ago but surging inflation will soon curb any leeway for finance minister Rishi Sunak ahead of his March budget update, data showed on Tuesday.

4 months ago·United Kingdom
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The Guardian

UK government borrows almost £17bn in December as inflation soars

Rising tax receipts partly offset by surge in interest payments on the £2tn national debt

4 months ago·London, United Kingdom
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The Independent

Interest on government borrowing jumps to December record amid soaring inflation

The ONS said interest payments on government debt trebled to a higher-than-expected £8.1bn last month.

4 months ago·London, United Kingdom
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Financial Post

UK borrows less than expected in Dec, earlier months revised down too

LONDON — Britain’s government borrowed less than expected last month, according to official figures from the Office for National Statistics which also revised…

4 months ago·Canada
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Sky News

Surging inflation pushes cost of servicing govt debt to December record of £8.1bn

Rishi Sunak says he will be sticking to his fiscal rules as inflation - already at its highest level for almost 30 years - threatens to keep adding more to the cost of interest payments on the national debt.

4 months ago·United Kingdom
Read Full Article
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