The UK’s public sector borrowing figures for November just came in and they’re much higher than expected.
Britain borrowed £13.55 billion last month to keep public sectors ticking over, up from £7.47 billion in October. Economists had forecast a deficit of £11 billion.
Mike Bird recently pointed out that the Chancellor is trapped in “a nightmare of his own making,” after promising to ring fence huge areas of spending and not to raise major taxes as part of the Conservative Party’s reelection campaign earlier this year.
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