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World

Britain’s borrowing is out of control

21 March 2025

6:39 PM

21 March 2025

6:39 PM

Rachel Reeves is having to borrow more and more money to keep Britain’s show on the road. Figures on the public finances, published this morning by the Office for National Statistics (ONS), show that in the financial year to February we borrowed over £132 billion. That is nearly £15 billion more than at the same point in the last financial year and is the fourth-highest borrowing period since records began in 1993.

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