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.