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flag UK government borrowing reached £20.7 billion in June, fueled by rising inflation, marking a concerning financial trend.

flag 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. flag This marks the second-highest June borrowing since records began, raising concerns about potential tax hikes to balance the budget. flag Public sector net debt now stands at 96.3% of GDP, up 0.5 percentage points from last year.

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