interest

Inflation causes government interest costs to hit highest ever level

News

21 Jul 22

The government paid £19.4bn of interest on its debt in June – the largest amount ever paid in a single month – as inflation continued to surge.
Spring Statement 2022: UK interest costs double OBR’s previous forecast

News

23 Mar 22

High inflation is set to push the cost of servicing government debt to twice the Office for Budget Responsibility’s forecast in October, the fiscal watchdog said in its outlook accompanying the...

Top