Wednesday, 21 December 2022

Well done UK Govt / Conservative Governments seem awful at keeping track of cash outgoings 21/12/2022

 Public sector borrowing soared to £22 billion last month, the highest November figure since monthly records began in 1993.

The figure, which included a £7.3 billion interest bill on Britain’s £2.2 trillion public debt mountain, was much higher than October’s reading of £13.5 billion and compared with City expectations for £13 billion.

The month included the second round of payments under the Energy Bills Support Scheme, which added £1.9 billion to central government expenditure.

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