The state borrowed nearly £12bn more last month than in April last year as it spent on energy schemes, higher benefits payments and paid billions more on interest rates, according to official figures.
Monthly borrowing increased to £25.6bn in April, up from £21.5bn in March and £13.7bn in April 2022, data from the Office of National Statistics (ONS) shows.
#uk #borrowing
https://news.sky.com/story/government-borrowing-sharply-higher-than-expected-12887289?dcmp=snt-sf-twitter
Monthly borrowing increased to £25.6bn in April, up from £21.5bn in March and £13.7bn in April 2022, data from the Office of National Statistics (ONS) shows.
#uk #borrowing
https://news.sky.com/story/government-borrowing-sharply-higher-than-expected-12887289?dcmp=snt-sf-twitter
Sky News
Government borrowing sharply higher than expected
Benefits, energy schemes and interest rates make government borrowing higher than expected in April.