
Government borrowing higher than expected in June
A big increase in debt interest payments outstripped rising income from taxes and National Insurance.
BBC News
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.
A big increase in debt interest payments outstripped rising income from taxes and National Insurance.