Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties.
Now we are in a Covid 19 world. UK’s HM Government needs to fund many new demands. [www.dmo.gov.uk]

https://www.dmo.gov.uk/dmo_static_reports/Gilt%20Operations.pdf

Another deficit month, thus to bridge the gap, needs to borrow on the bond market In October 2020 , the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is The PSNCR: The Public Sector Net Cash Requirement. There were “only” 7 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

09-Dec-2020 0 5/8% Treasury Gilt 2035 £3,011.1020 Million
08-Dec-2020 0 1/8% Treasury Gilt 2024 £4,029.3720 Million
08-Dec-2020 0 5/8% Treasury Gilt 2050 £2,500.0000 Million
02-Dec-2020 0 1/8% Index-linked Treasury Gilt 2028 3 months £1,250.0000 Million
02-Dec-2020 0¼% Treasury Gilt 2031 £2,750.0000 Million
01-Dec-2020 0 1/8% Treasury Gilt 2026 £3,669.3550 Million
01-Dec-2020 1¼ % Treasury Gilt 2041 £2,250.0000 Million

(£3,011.1020 Million) + (£4,029.3720 Million) + (£2,500.0000 Million) + (£1,250.0000 Million) + (£2,750.0000 Million) + (£3,669.3550 Million) + (£2,250.0000 Million) = £19,459.83 Million.

£19,459.83 Million = £19.459 Billion

On another way of looking at it, is in the 31 days in December 2020, HM Government borrowed:- £627.7364194 Million each day for the 31 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bond mature from 2024 through to 2050. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….”