March borrowing surges on energy bill support

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Government borrowing continued to surge in March due the cost of supporting households with their energy bills.

Borrowing, the difference between spending and tax income, was £21.5bn, last month, the Office for National Statistics (ONS) said.

That is the second-highest March borrowing figure since monthly records began in 1993.

The ONS said a rise in tax receipts was offset by higher spending on energy support for households and businesses.

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