UK government borrowing reached a four-year high in December, sparking concerns over fiscal rules.

UK government borrowing hit a four-year high of £17.8 billion in December, well above economists' forecasts and the previous year's figure. The increase is mainly due to higher spending on public services, benefits, and increased debt interest payments. This raises concerns over the Chancellor's ability to meet fiscal rules, potentially leading to tax increases or spending cuts.

2 months ago
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