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UK economic data delivers fresh blow to new govt
UK economic data delivers fresh blow to new govt
Economy
by  AFP

UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget. - 'Tough decisions' - Friday's data also showed "the highest August borrowing on record, outside the (Covid) pandemic", Darren Jones, a senior official at the UK Treasury, said in a statement.