Government Borrowing Rises in July – Guido Fawkes

Government Borrowing Rises in July

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Fresh figures from the ONS show what borrowing has risen this year. £60 billion since April…

That is £6.7 billion more than this time last year. July’s borrowing was at £1.1 billion which is lower than predicted by economists thanks to boosted self-assessed tax receipts. July is a big tax receipt-drawing month for the Treasury…

£7.1 billion was spent on debt interest, £200 million higher than the year before. Darren Jones said “far too much taxpayer money is spent on interest payments for the longstanding national debt.” Could try bringing it down…