Saturday, June 25, 2022

Rishi Sunak protects retirees while workers feel the pain

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BResponsible management of public finances means that future generations are not burdened with even higher debt repayments and that we can secure our economy in the long term,” Rishi Sunak said of the latest public debt figures. They don’t make reading fun.

All that talk of the billions of pounds of “financial leeway” he had to do things has evaporated faster than the water from a cup of hot tea.

The government borrowed £14billion in May, down £4billion from a year earlier but still the third-highest sum for the month on record. Debt interest stood at £7.6 billion, more than double the figure from 12 months ago.

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