Government borrowing hitting its second-highest ever June levels since records began as soaring inflation pushed up interest payments
The Office for National Statistics said that borrowing was £4.1 billion more in June than the same month a year ago.
"That's why the Government has taken action to strengthen the public finances, and in their latest forecast the OBR assessed that we are on track to get debt down."UK inflation surged to a fresh 40-year high last month as fuel and energy prices rocketed amid the cost-of-living squeeze. Food and non-alcoholic drinks rose by 9.8% in the year to June, the highest rate since March 2009. Milk, cheese and eggs as well as vegetables, meat and other food products such as ready meals became more expensive.
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