00:01Government borrowing jumped unexpectedly last month, reaching Ā£14.3 billion in February,
00:07the second highest for that month since records began nearly double previous forecasts.
00:13Analysts say the rise reflects higher debt interest payments of Ā£13 billion and increased
00:19spending despite revenues growing.
00:21Borrowing for the financial year so far stands at Ā£125.9 billion, slightly below projections.
00:30Experts warn public finances could face further pressure if the Iran conflict continues with
00:35higher energy costs and weaker growth adding to spending demands.
00:38The Treasury says households and businesses may feel the impact.
00:42Ā£13 billion.
Comments