Government borrowing on the rise but inflation begins to ease
Government borrowing on the rise but inflation begins to ease
08 Feb 2023
Month in Brief
- Government borrowing in December was £27.4bn – the highest December level since records began in 1993
- The Bank of England hinted that inflation could fall rapidly in 2023 signalling “a corner has been turned”
- The US economy grew by more than expected in the final quarter of 2022 as unemployment also fell by 0.1%
- UK DB pension scheme funding was down as gilt yields dropped in January
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