UK debt soars due to energy support measures ...News

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UK debt soars due to energy support measures
The scheme to aid businesses and families is proving costly for the government, the latest data shows British government borrowing hit £13.5 billion ($16 billion) in October due to expensive energy support measures for households and spiraling inflation, the Office of National Statistics (ONS) said in a statement on Tuesday. The figure is up from £9.2 billion ($10.9 billion) recorded in the same period of last year, and was the fourth highest figure for October on record. This comes after UK authorities launched a support program to cap energy bills, first introduced by former prime minister Liz Truss to cushion a

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