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Public finances hit by highest debt interest payments for any July
Posted
August 22, 2023
Views
3,525
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31
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9
Engagement
1.13%
August 22, 2023
3,525
31
9
1.13%
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Aug 22, 20232:13Now PlayingGovernment borrowing came in lower than expected last month despite a hit from the highest debt interest payments ever seen for the month of July.
The Office for National Statistics (ONS) said the interest payable on central government debt was £7.7bn while borrowing during the month was the fifth highest for the month of July on record.
That sum came in at £4.3bn - £700m lower, however, than economists polled by the Reuters news agency had expected.
#debt #finance #economy
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