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Economics

Government borrowing balloons to record £208.5bn

UK public borrowing jumped by £174.5bn to £208.5bn in the six months ended September, including £36.1bn for last month, the third-highest monthly borrowing since records began in 1993.

Public debt rose by £259.2bn in the first six months to £2,059.7 billion at the end of September 2020, or around 103.5% of gross domestic product (GDP). This was the highest debt-to-GDP ratio since 1960.

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