One influential economist says government borrowing this year could be about £25bn less that expected.
that government borrowing in the financial year to February was £138.4bn.
According to the new figures, the government collected £53.7bn in taxes this February, up by more than £4bn in comparison with last year. It does this by selling bonds - a promise to make payments to whoever holds it on certain dates - essentially an interest-paying "IOU".Surging food prices, energy bills and fuel prices have pushed costs up for households, but rising inflation also means the government is paying more in interest payments on its debt.
The payments are pegged to the Retail Prices Index measure of inflation - which reached 7.8% in January. In response to the figures, Mr Sunak said: "The ongoing uncertainty caused by global shocks means it's more important than ever to take a responsible approach to the public finances.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Why Is No One Taking Sexual Harassment In The Metaverse Seriously?“When claims of sexual misconduct in the metaverse have been made on social media, users have responded with jokes and laughter emojis. The general consensus? Because these incidents happened virtually, they would have had little impact.”
Læs mere »
‘Shocked’: Geelong ensemble of disabled actors wins one of the world’s richest theatre prizesBack to Back wins DK2.5m Ibsen prize for their ‘exciting, unsettling and thought-provoking’ work
Læs mere »
Trucker ‘freedom convoy’ thwarted by one man on a bike in Washington DCTrucker ‘freedom convoy’ through Washington DC thwarted by one bicyclist
Læs mere »
Arkansas shooting at car show kills one and wounds 24, including childrenUnclear how many children have been hurt, while one person is in custody, police chief says
Læs mere »