Interest on government debt hits record for January

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Interest connected authorities indebtedness deed £6.7bn successful January, the highest magnitude for the period since records began successful 1997.

The Office for National Statistics said the caller summation successful indebtedness repayments was "largely" due to the fact that of inflation.

But portion the outgo of servicing indebtedness rose, the authorities spent little than it received successful taxation successful January, resulting successful a surplus of £5.4bn.

The figures connected the nationalist assemblage finances travel arsenic the authorities is acceptable to present its Budget adjacent month.