Chancellor blames 'eye-watering sums' spent on pandemic and energy bills support for hike in public sector borrowing

"We stepped up to support the British economy in the face of two global shocks, but we cannot borrow forever. We now have a clear plan to get debt falling which will reduce the financial pressure we pass onto our children and grandchildren."Advertisement

This difference reflects"a relatively smaller package of measures to tackle the energy crisis", Mr Stelmach said. "This brings the full-year borrowing figure £13.2bn below the OBR's latest forecast, which already accounted for the impact of that change.

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Chancellor blames 'eye-watering sums' spent on pandemic and energy bills help for increase in public sector borrowingInitial estimates for March show that the public sector spent more than it received in taxes and other income, requiring it to borrow £21.5bn.
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