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UK government borrowing hit £17.4 billion in October, a record high driven by increased spending and debt costs.
UK government borrowing surged to £17.4 billion in October, the second-highest for the month since records began in 1993, according to the Office for National Statistics (ONS).
This figure, £1.6 billion higher than October 2022, was driven by increased spending on public sector pay and services, as well as higher debt interest costs.
Public debt is now estimated at 97.5% of GDP.
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Los préstamos del gobierno del Reino Unido alcanzaron los 17.400 millones de libras esterlinas en octubre, un máximo récord impulsado por el aumento del gasto y los costos de la deuda.