Government borrowing reaches £303 billion

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Over the past year or so the government has been pretty free and easy when it comes to spending. The pandemic gave the government little option but to support public services and those who were unable to work or open their businesses due to Covid 19.

However, while the nation suffered under the cloud of covid, there were those who were worried about the cost and how we would pay the borrowing back. While paying it back is not an immediate worry, the cost is becoming apparent and according to government figures it has reached £303bn, the highest amount of government borrowing during peacetime.

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