1. Inflation drives surge in interest payments on UK public debt  Financial Times
  2. Inflation pushes UK government interest costs to May record  BBC
  3. UK borrows another £14bn in May despite rising tax burden  Daily Mail
  4. UK borrowed £14bn in May as inflation drove up interest debt costs – business live  The Guardian
  5. View Full coverage on Google News
News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Subscribe to read | Financial Times

Interest payments made on government debt hit the highest level on record for May as inflation surged.Interest payments made on government debt hit the highest level on record for May as inflation surged.

www.bbc.co.uk

UK business confidence hits levels that signal a recession, as new orders growth weakensUK business confidence hits levels that signal a recession, as new orders growth weakens

UK economy ‘running on empty’ as high inflation threatens recession, and drives up borrowing costs – business live | Business | The Guardian

www.thetimes.co.uk

Public sector net debt is currently 98.5% of gross domestic product - its highest level in more than 50 years.Public sector net debt is currently 98.5% of gross domestic product - its highest level in more than 50 years.

Government forced to hand over £7.6bn last month in record interest payment on public debt | Business News | Sky News

The costs of servicing the near-£2.4trillion debt mountain surged to £7.6billion, a record for the month.The costs of servicing the near-£2.4trillion debt mountain surged to £7.6billion, a record for the month.

UK borrows another £14bn in May despite rising tax burden | Daily Mail Online

Germany has triggered the second phase of its emergency gas plan as it accused Putin of launching an “economic attack” over energy supplies.Germany has triggered the second phase of its emergency gas plan as it accused Putin of launching an “economic attack” over energy supplies.

Germany triggers ‘alarm’ stage of emergency gas plan as Putin cuts supplies - live updates

www.spectator.co.uk

Debt interest payments have surged by 70% compared with last year for the Chancellor Debt interest payments have surged by 70% compared with last year for the Chancellor

Sunak forced to borrow yet more as inflation soars and growth falters | Evening Standard

www.moneymarketing.co.uk

UK interest rates: The predicted decline in public sector borrowing was thwarted last month by rising interest payments on government debt.UK interest rates: The predicted decline in public sector borrowing was thwarted last month by rising interest payments on government debt.

UK interest rates: Rising interest rates hurt UK Public budgets

How does it work when a government wants to borrow money, and when does it have to pay it back?How does it work when a government wants to borrow money, and when does it have to pay it back?

Where does the government borrow billions from?

Public sector borrowing hit £14bn last month, down £4bn in comparison with a year ago and £4.6bn versus April, according to official figures. While thePublic sector borrowing hit £14bn last month, down £4bn in comparison with a year ago and £4.6bn versus April, according to official figures. While the

Public sector borrowing hit £14bn last month, the third-highest May since 1993

Government borrowing hit £14 billion in May 2022, representing a £4 billion decrease against 2021 levels, however the borrowing rate was £8.5 billion higher than pre-pandemic levels in May 2019. The Office of National Statistics (ONS) reported £66.6 billion in central government receipts, representing a year-on-year rise of £3.4 billion, including £48.3 billion in tax […]

Record inflation drives UK borrowing to £14bn in May - UK Investor Magazine

The UK government made one of its largest interest payments on public debt ever last month, after inflation pushed borrowing costs to some of their highest levels on record. 

Government forced to hand over £7.6bn last month in record interest payment on public debt

Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds , according to official data published on...Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds , according to official data published on...

Leaping debt costs add to UK government borrowing in May

Public sector borrowing exceeded forecasts in May, official figures showed on Thursday, after surging inflation pushed up debt interest costs.Public sector borrowing exceeded forecasts in May, official figures showed on Thursday, after surging inflation pushed up debt interest costs.

Surge in interest payments hits public debt - Sharecast.com

LONDON — British government borrowing in May came in higher than expected at just under 14.0 billion pounds, pushed up in part by surging interest debt costs…

Rising debt costs push up UK borrowing in May | Financial Post

Rising debt costs push up UK borrowing in May | Financial Post

The national debt servicing cost is 50% more than the £5.1bn forecast by the Office for Budget Responsibility.The national debt servicing cost is 50% more than the £5.1bn forecast by the Office for Budget Responsibility.

Interest spikes UK debt to record £7.6bn in May

Interest payments on government borrowing soar to May record as inflation rises - The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.Interest payments on government borrowing soar to May record as inflation rises - The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.

Interest payments on government borrowing soar to May record as inflation rises

The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.

Interest payments on government borrowing soar to May record as inflation rises | Gazette

uk.sports.yahoo.com

By William Schomberg and Andy BruceBy William Schomberg and Andy Bruce

Leaping debt costs add to UK government borrowing in May

Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds ($17.14 billion), according to official data published on Thursday.Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds ($17.14 billion), according to official data published on Thursday.

Leaping debt costs add to UK government borrowing in May | Reuters

(Bloomberg) -- The UK government borrowed more than forecast in May after a 70% surge in interest payments to service the national debt.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsPowell Says Soft Landing ‘Very Challenging;’ Recession PossibleStocks Snap Rally as Recession Fears Mount: Markets WrapThe budget deficit stood at £14(Bloomberg) -- The UK government borrowed more than forecast in May after a 70% surge in interest payments to service the national debt.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsPowell Says Soft Landing ‘Very Challenging;’ Recession PossibleStocks Snap Rally as Recession Fears Mount: Markets WrapThe budget deficit stood at £14

UK Government Borrows More Than Expected as Debt Costs Surge

The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.The ONS said surging levels of inflation sent interest payments on government debt to a May record of £7.6 billion.

Interest payments on government borrowing soar to May record as inflation rises | Gazette & Herald