Inflation-linked bonds and energy support packages drove up UK borrowing last month
On this morning’s jump in UK borrowing, Chancellor of the Exchequer Jeremy Hunt says:
“It is right we borrowed billions to protect families and businesses against the impacts of the pandemic and Putin’s energy crisis.
“But debt and borrowing remain too high now – which is why it’s one of our priorities to get debt falling.
“It is with regret that at the request of the board I am stepping down as chairman of Barratt Developments Plc as of June 30 2023, ahead of finishing my tenure in early September as planned.
“My early departure from Barratt is a result of the anonymous and unsubstantiated allegations made against me, as reported in the Guardian which I vehemently deny.”
