Opposition day motion could push Tory MPs into a politically embarrassing vote on sewage ahead of local elections
The rocketing cost of energy bills support and soaring debt interest saw UK government borrowing jump by more than £18bn in the year to March, PA Media reports. PA says:
The Office for National Statistics (ONS) said the public sector borrowed £139.2bn in the past financial year – the fourth highest since records began and £18.1bn more than in 2021-22, according to official figures.
But the figure was lower than the £152.4bn predicted last month by Britain’s fiscal watchdog, the Office for Budget Responsibility (OBR).
These numbers reflect the inevitable consequences of borrowing eye-watering sums to help families and businesses through a pandemic and [Vladimir] Putin’s energy crisis.”
We stepped up to support the British economy in the face of two global shocks, but we cannot borrow forever.
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