The Office for National Statistics said Government borrowing hit £4.9 billion in July, significantly ahead of City predictions of some £2.8 billion.
Debt interest payments climbed to £5.8 billion, up from £3.5 billion in the same month last year due to Retail Price Index (RPI) inflation rocketing.
These payments are linked to RPI which leapt to 12.3 per cent in July, while the broader Consumer Price Index (CPI) the more often quoted inflation measure - hit a new 40-year-high of 10.1 per cent, deepening the cost-of-living crisis for millions of households.
Bu hikaye Evening Standard dergisinin August 19, 2022 sayısından alınmıştır.
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Bu hikaye Evening Standard dergisinin August 19, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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