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Africa Housing News > Blog > News > UK Borrowing Hits Highest November Level On Record
News

UK Borrowing Hits Highest November Level On Record

Fesadeb
Last updated: 2020/12/22 at 1:08 PM
Fesadeb Published December 22, 2020
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Government borrowing soared in November as the United Kingdom (UK) continued to support the economy during the pandemic.

The Office for National Statistics (ONS) said borrowing hit £31.6bn last month, the highest November figure on record.

It was also the third-highest borrowing in any month since monthly records began in 1993.

Since the beginning of the financial year, borrowing has reached £240.9bn, £188.6bn more than a year ago.

The independent Office for Budget Responsibility (OBR) has estimated it could reach £372.2bn by the end of the financial year in March.

source: independent.ng

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Fesadeb December 22, 2020 December 22, 2020
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