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2023-10-20 12:51:14
Take the interest payable on central government debt: not horribly high in September, but in fact third lowest since monthly records began in 1997. The reason is that on regarding a quarter of its outstanding debt, the government pays interest linked to the old-fashioned Retail Prices Index measure of inflation, which has dropped sharply over the past year.
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#Government #borrows #expected #September
