After a major increase in loan interest payment, the UK government borrowed more than last month.
Loan – The difference between public spending and tax income – was £ 20.7bn in June, from the same month to £ 6.6bn, the office of the National Statistics (ONS) said.
This was the second highest June borrowing figure since the monthly record started in 1993, ONS only added behind June 2020, which was greatly influenced by the epidemic.
The UK statistics body stated that high expenditure on public services and loan interest payment was out of revenue from other taxes, including national insurance contribution, which were removed in April.
