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Borrowing drives UK debt to $3 trillion, Priti Patel warns

Borrowing drives UK debt to $3 trillion, Priti Patel warns
UK debt hits $3 trillion, borrowing cited

Priti Patel said the United Kingdom now owes $3 trillion, attributing the increase to Labour's borrowing.

Patel added that higher debt interest costs are leading to the accumulation of even more debt and called for a credible plan in the Budget to address the deficit and borrowing.

Patel previously reported worsening U.K. economic conditions as long-term borrowing costs reached their highest level since 1998. The increase in borrowing costs came amid concerns over fiscal policy and public finances. Her latest remarks follow ongoing scrutiny of rising debt and its impact on the national budget.

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