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UK Government borrowing fell sharply to £11.6 billion in December as a spike in tax receipts and national insurance more than outweighed an uptick in spending, official figures show.The Office for National Statistics said borrowing was £7.1 billion, or 38%, less than the same month in 2024.

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00:00Music
00:29Borrowing is far too high. This is the second consecutive year of record borrowing outside of the pandemic.
00:36What the government needs to do is get on top of government spending, particularly welfare, getting people off benefits and into work,
00:42and then getting taxes down to grow the economy.
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