UK borrowing hits highest December level for four years

Government borrowing roseate much than expected successful December, hitting the highest level for the period for 4 years, authoritative figures show.

Borrowing - the quality betwixt spending and taxation gross - was £17.8bn past month, £10.1bn much than successful December 2023, the Office for National Statistics (ONS) said.

Spending connected nationalist services, benefits, and indebtedness involvement were each up connected the year, the ONS said, portion an summation taxation instrumentality was offset by a chopped to National Insurance by the erstwhile government.

The accrued borrowing comes aft involvement rates paid connected authorities indebtedness surged earlier this period earlier falling back.

Following the merchandise of the figures, Chief Treasury Secretary Darren Jones said the authorities would "root retired discarded to guarantee each penny of taxpayer's wealth is spent productively".

"Economic stableness is captious for our fig 1 ngo of delivering growth," helium added.