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It seems the nation’s finances are once again in the spotlight. Recent official figures have revealed that government borrowing reached £11.7 billion last month.
While this marks the lowest November borrowing level since 2021, the figure still comes in higher than what many analysts had anticipated. This uptick in borrowing follows significant policy shifts, including the widely discussed winter fuel payments U-turn, which has undoubtedly added pressure to the public purse.
Such borrowing indicates the government spent more than it collected in taxes, a trend that warrants close attention as we navigate the current economic landscape.
Source: Original Article
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