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Get the free app no ads · no paywallBusiness · 21 June 2026
Unsplash / Kai Pilger
Britain borrowed £23.3 billion in May, the second highest amount ever for that month, and much more than experts predicted. The Office for National Statistics (ONS) indicated that May's debt interest payments hit a record-breaking £11.7 billion. Higher inflation, especially from the Middle East conflict, pushed up the cost of servicing index-linked government debt.
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