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UK debt nears £3 trillion as government borrowing unexpectedly climbs
Official figures showing an unexpected rise in government borrowing to £1.8 billion last month have laid bare the severe fiscal pressure on new Chancellor John Healey ahead of his first Budget. According to the Office for National Statistics (ONS), public borrowing in July was £700 million, or 68.7 per cent, higher than the same month last year, confounding previous forecasts. [...]