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UK borrowing at £16.2bn in September

The government borrowed a record £16.2bn to plug the gap in the public finances in September, figures from the Office of National Statistics show.

It is the highest borrowing figure for September on record, and is unexpectedly up from the £14.8bn borrowed in September last year.

The UK's total net debt is also the highest to date, at 64.6% of GDP.

The figures come as the government prepares drastic cuts to spending in order to reduce borrowing.

BBC News

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