{"id":270013,"date":"2023-05-23T11:02:51","date_gmt":"2023-05-23T10:02:51","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=270013"},"modified":"2023-05-23T11:02:51","modified_gmt":"2023-05-23T10:02:51","slug":"uk-govt-borrowing-surges-to-25-6bn-deficit-for-april","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/05\/23\/uk-govt-borrowing-surges-to-25-6bn-deficit-for-april\/","title":{"rendered":"UK govt borrowing surges to \u00a325.6bn deficit for April"},"content":{"rendered":"<p>Government borrowing swelled to 25.6 billion pounds (31.8 billion dollars) in Britain last month amid the cost of energy support schemes, higher benefit payments and rising debt interest.<\/p>\n<p>This is according to official figures as reported on Wednesday.<\/p>\n<p>The Office for National Statistics said it was the second-highest April borrowing on record, outstripped only by the <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/09\/covid-19-64-million-nigerians-fully-vaccinated-says-nphcda\/\" target=\"_blank\" rel=\"noopener\">pandemic-impacted month<\/a> in 2020.<\/p>\n<p>It represented an 11.9 billion pounds rise compared with the same month last year.<\/p>\n<p>The latest figure was 7.7 billion pounds bigger than economists had predicted and 3.1 billion pounds larger than predictions from the government\u2019s official forecaster, the Officer for Budget Responsibility.<\/p>\n<p>Chancellor of the Exchequer, Jeremy Hunt, said: \u201cIt is right we borrowed billions to protect families and businesses against the impacts of the pandemic and (Russian President Vladimir) Putin\u2019s energy crisis.<\/p>\n<p>\u201cBut debt and borrowing remain too high now which is why it\u2019s one of our priorities to get debt falling.<\/p>\n<p>\u201cWe\u2019ve taken difficult but necessary decisions to balance the nation\u2019s books, and if we stick to our plan and get our economy growing, then debt is set to fall.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government borrowing swelled to 25.6 billion pounds (31.8 billion dollars) in Britain last month amid the cost of energy support schemes, higher benefit payments and rising debt interest. This is according to official figures as reported on Wednesday. The Office for National Statistics said it was the second-highest April borrowing on record, outstripped only by [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":270021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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