UK borrows £34bn in December as public sector debt set to increase through 2021

Third highest monthly figure since 1993

David Brenchley
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Chancellor Rishi Sunak. Photo: HM Treasury/Flickr CC BY-NC-ND 2.0
Image:

Chancellor Rishi Sunak. Photo: HM Treasury/Flickr CC BY-NC-ND 2.0

The UK Government borrowed £34bn in December with more expected through 2021, as it continued to fight the effects of the coronavirus pandemic on the economy.

A December figure of £34.1bn for public sector borrowing was a 470% increase on December 2019's figure, the Office for National Statistics said on Friday, and the highest level ever recorded for a December....

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