UK Debt.

UK government borrowing: –

According to this data, two months in 2022 saw record levels of money set aside for debt interest: £20bn in June and £18bn in December.

June 2023 saw the third largest monthly amount – £12.8bn.

The most recent November figure revealed interest on government debt was £7.7bn.

During the 2022-23 financial year, the government spent £108bn on debt interest – more than it spent on education.

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