Inflation sends UK debt interest payments higher
Interest payments on government borrowing topped £6bn last month, the highest on record for a January. …
That illustrates a point already evident from the efforts in the past 13 years of successive chancellors, first Labour then Conservative, to fix the public finances by imposing austerity: namely, it’s not so much what the chancellor does, but what the economy does, that most effectively cuts government borrowing.
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