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UK government borrowing reached £20.7 billion in June, fueled by rising inflation, marking a concerning financial trend.
UK government borrowing soared to £20.7 billion in June, £6.6 billion more than last year, mainly due to higher debt interest costs driven by increased Retail Prices Index (RPI) inflation.
This marks the second-highest June borrowing since records began, raising concerns about potential tax hikes to balance the budget.
Public sector net debt now stands at 96.3% of GDP, up 0.5 percentage points from last year.
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El endeudamiento del gobierno del Reino Unido alcanzó 20.700 millones de libras en junio, impulsado por el aumento de la inflación, lo que marca una tendencia financiera preocupante.