Public finances hit by highest debt interest payments for any July

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Government borrowing came in lower than expected last month despite a hit from the highest debt interest payments ever seen for the month of July.

The Office for National Statistics (ONS) said the interest payable on central government debt was £7.7bn while borrowing during the month was the fifth highest for the month of July on record.

That sum came in at £4.3bn - £700m lower, however, than economists polled by the Reuters news agency had expected.

Read more: https://news.sky.com/story/public-finances-hit-by-highest-debt-interest-payments-for-any-july-12944899

#debt #finance #economy

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