Oldham Exile
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The government borrowed the least amount of money in three years last month, official figures showed?The government borrowed the least amount of money in three years last month, official figures showed.
Not since July 2021, in the midst of the COVID-19 pandemic, was state borrowing so low, according to data from the Office for National Statistics (ONS).
borrowing is less than half the figure (£2.6bn) expected by economists polled by the Reuters news agency.
chief secretary to the Treasury, Darren Jones, said:
"Far too much taxpayer money is spent on interest payments for the longstanding national debt.
"That's why we're driving down government borrowing over the course of the parliament - so working people don't have to foot the bill and we can invest in better schools, hospitals, and services for working families."
Wow - that is massive news, or..........
Hmmmm, my memory is a bit foggy - who knows, perhaps there was some seismic event a few years ago that caused a big increase in borrowing - so perhaps it should be expected that the level of borrowing is declining????