Government borrowing in November highest on record

Government borrowing successful November deed its highest level for the period since records began, authoritative figures said.

Borrowing - the quality betwixt spending and taxation income - stood astatine £22bn arsenic the nationalist assemblage spent much than it received.

Government spending connected cost-of-living payments and vigor measure enactment for households helped substance the rise.

The ONS said the involvement connected authorities indebtedness successful November roseate to £7.3bn, the highest fig since 1997.

"Since mid-2021, the outgo of servicing cardinal authorities indebtedness has accrued considerably," the ONS said.

"The caller precocious levels of indebtedness involvement payable are mostly a effect of higher inflation."

November's borrowing fig was £13.9bn much than successful November past year, which is the highest level for the period since records began successful 1993.