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World

The UK’s debts are horrifyingly large

22 October 2024

8:38 PM

22 October 2024

8:38 PM

There is a big danger in today’s government borrowing figures for September being a little less bad than was expected by many observers. It will lead to claims that the Chancellor has enjoyed a ‘windfall’ prior to next week’s Budget, therefore lessening the need for spending cuts.

Until recent years, the idea that the government would have to borrow £16.6

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