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The UK government’s borrowing rose to £22 billion ($26.6 billion) in November, as the higher interest costs and cost-of-living payments to households put increasing pressure on public finances.
According to the Office for National Statistics (ONS), this was £13.9 billion ($16.8 billion) more than the borrowing figure for the same month last year, and was £16.2 billion ($19.6 billion) more than in November 2019, just before the COVID-19 pandemic.
The reading represented the highest monthly figure for November borrowing since records began in 1993, the ONS said.
Commenting on the latest figures, Chancellor of the Exchequer Jeremy Hunt said the government has a "clear plan" to reduce inflation next year....