ONS: Government's December borrowing in 2020 'highest since records began'

Government borrowing last month was the highest December borrowing on record according to new figures.

The Office for National Statistics (ONS) has reported that public sector borrowing for December 2020 is estimated to have been £34.1bn.

The figure is £28.2bn more than December 2019, and is the highest borrowing for the month of December since records began in 1993.

Total borrowing for this financial year has now reached £270.8bn - £212.7bn more than a year ago according to ONS.

Official forecasts by the Office for Budget Responsibility (OBR) have estimated that this figure could reach £393.5bn by the end of March 2021.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.