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]

Another deficit month, thus to bridge the gap, needs to borrow on the bond market In March 2021 , 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” 10 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

24-Mar-2021 0 1/8% Index-Linked Treasury Gilt 2056 3 months 357.2500 Million
23-Mar-2021 1¾% Treasury Gilt 2049 2,250.0000 Million
17-Mar-2021 0 5/8% Treasury Gilt 2035 2,500.0000 Million
16-Mar-2021 0 1/8% Treasury Gilt 2024 4,375.0000 Million
16-Mar-2021 1 5/8% Treasury Gilt 2054 1,633.0000 Million
10-Mar-2021 0 1/8% Index-linked Treasury Gilt 2031 3 months 878.9750 Million
09-Mar-2021 1¼ % Treasury Gilt 2041 2,812.5000 Million
04-Mar-2021 0¼% Treasury Gilt 2031 3,437.5000 Million
02-Mar-2021 0 3/8% Treasury Gilt 2026 3,147.3510 Million
02-Mar-2021 0½% Treasury Gilt 2061 1,562.4990 Million

Thus:-

357.2500 Million + 2,250.0000 Million + 2,500.0000 Million + 4,375.0000 Million + 1,633.0000 Million + 878.9750 Million + 2,812.5000 Million + 3,437.5000 Million + 3,147.3510 Million + 1,562.4990 Million = 22,954.075 Million

22,954.075 Million = £22.954 Billion

On another way of looking at it, is in the 31 days in March 2021, HM Government borrowed:£740.45403225806451612903225806452 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 2061. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together…“