Soaring inflation pushes UK borrowing to £14bn in May

Interest on debt payment leaps 70% on a year ago to 7.6bn, a monthly record

Government borrowing was higher than expected in May at 14bn as soaring inflation sent interest payments on the UK's debt to a monthly record.

The Office for National Statistics (ONS) said debt interest payments leapt 70% on a year ago to 7.6bn, the third highest debt interest payment made by central government in any single month and the highest payment in May on record.