Britain continues to be consumed by debt. Figures just released by the Office for National Statistics (ONS) show that last month the state had to borrow £20.2 billion to stay afloat. That was £1.6bn more than in September last year and the highest September borrowing total for five years.

‘Debt interest, the cost of providing public services, and benefits all increased compared with last year, more than offsetting from [taxes],’ the ONS said. This continuation of Britain’s fiscal doom loop led to us borrowing just shy of £100bn in the financial year so far, some £11.5bn more than the same six-month period in 2024 and the second highest April to September borrowing since records began 32 years ago. This cannot continue yet month after month it does.

The borrowing figure for the first half

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