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UK Budget Deficit Widens On Energy Subsidies, Debt Servicing

Por: RTTNews Business January 24, 2023

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UK budget deficit widened to the highest December level on record largely due to a sharp growth in spending on energy support schemes and huge interest payments driven by high inflation. Public sector borrowing increased by GBP 16.7 billion from the last year to GBP 27.4 billion in December, data published by the Office for National Statistics showed Tuesday. This was the highest December deficit since monthly records began in January 1993, and... + full article



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