Public sector net borrowing reached £34.1bn in December – the third-highest monthly figure since records began in 1993.
The figure from the Office for National Statistics means that:
- Borrowing since the start of the financial year in April has reached £270.8bn
- Borrowing in December 2020 was £28.2bn more than in December 2019
- December’s figure was also higher than the £31.6bn borrowed in November 2020
- Public sector debt has reached an all-time high of £2.13trn