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Government borrowing in August highest since Covid

Source: BBC

BloombergGovernment borrowing in August rose to the highest level for the month since the Covid pandemic in 2021.Official figures show that borrowing - the difference between spending and tax revenue - reached to £13.7bn last month, £3.3bn more than in August last year.The Office for National Statistics (ONS) said that tax income "grew strongly" but this was outweighed by some benefits being increased and higher…

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