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Government borrows £11.6bn in August

by Adrian Black Adrian Black, author of this post , Wednesday 24 September 2014

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Good growth but high government borrowing means new ways required to raise more tax.

Government borrowed £45.5bn for first 5 months of financial year, this equates to £2.6bn more than last year!

National debt currently £1.3 trillion - 77% of UK GDP.

 

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