Borrowing

The increase in borrowing for the month was partly caused by higher interest payments on bonds and cost-of-living payments to households.

The level of borrowing last month hit £31.7 billion – down £15.6 billion on the same month a year ago.

The UK’s national debt hit, once again, hit a new record at the end of August, as the country’s coronavirus struck public sector borrowed another £35.9 billion.