Energy support and debt costs drive record public borrowing in December

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 67%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The latest figures are likely to be used by ministers as supporting their stance that public sector pay demands are not affordable.

The overall net borrowing figure was around £10bn higher than many economists had forecast.

"We have already taken some tough decisions to get debt falling, and it is vital that we stick to this plan so we can halve inflation this year and get growth going again - creating better paid jobs across the country."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Grant Shapps launches crackdown on energy firms forcing financially stretched households to switch to prepayment metersEnergy suppliers have been told they must stop the practice of forced fitting prepayment meters as the solution to families struggling to pay bills, and make greater efforts to offer additional credit, debt forgiveness or tools such as debt advice. Well if Shapps can do that, he can launch a crackdown on the rip off bills, but oh, he cant do that.... Prepayment meters must be a last resort and must not be more expensive than normal meters and smart meters. Finally
Source: SkyNews - 🏆 35. / 67 Read more »