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UK government borrowing hits highest December level on record

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Increase of £34.1bn last month takes budget deficit to nearly £271bn for the first nine months of financial year

UK government borrowing hit its highest December level on record as spending soared in response to the coronavirus pandemic coupled with a steep drop in tax receipts.

The Office for National Statistics said borrowing hit £34.1bn last month, about £28bn more than the same month a year ago.

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