The Treasury borrowed the third highest sum for any month on record in August, according to official figures as the chancellor prepares to unleash his latest support for the coronavirus-hit economy.
The Office for National Statistics reported that public sector net borrowing, excluding the effects of bank bailouts, was estimated to have hit £35.9bn last month - the highest sum ever recorded for an August.
That was £30.5bn more than in the same month last year and explained by the government's efforts to fund itsThe ONS said it took borrowing in the first five months of the financial year to £173.7bn - another record for the period since records began in 1993. It meant that the UK's national debt, which topped £2trn in July, now stood at a new peak of £2.024trn - up £249.5bn on August 2019.
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