UK public finances worsen to highest February deficit on record – business live

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UK debt reaches highest levels since 1960s; government stake in NatWest reduced to just under 60%, as Bank of Japan edges away from monetary stimulus

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. In the UK, the government borrowed £19.1bn last month, the highest February borrowing since monthly records began in 1993. The worsening in the public finances was mainly caused by a spending splurge, according to figures from the Office for National Statistics. Central government bodies spent £72.6bn on day-to-day activities, £14.

 

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Keep tweeting the same story. ABSOLUTELY NOTHING POSITIVE TO OFFER ABSOLUTELY PATHETIC

Deliberate tactics employed by Conservatives just before a General Election to benefit their potential voters really exposes Little Englanders at their worst. Hopefully this time they will see the truth.

Borrowing could be down, this give the Chancellor more money to help people who lost jobs, small business to get a lifeline. What will happen if these figures are right, the proposed tax increase before the 2024 general election will be scrapped. No Capital gains Tax increase.

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