UK reports further bleak economic data

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,UK government borrowing surges and retail sales slump in September, dealing a further economic blow to a country in political crisis. – EPA pic, October 21, 2022.

BRITISH government borrowing surged and retail sales slumped last month, official data showed today, dealing a further economic blow to a country in political crisis.

Public sector net borrowing stood at £20 billion (RM105.4 billion), the second-largest September level on record, as decades-high inflation sees interest on debt repayments balloon.

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