National debt hits post-war peak as tax receipts slide

Telegraph
"The Treasury borrowed some £20.3bn in November – the biggest monthly amount since records began – according to official figures released on Friday.The debt built up in the month alone is just shy of the annual transport budget and would take a 5 percentage point VAT increase for an entire year to recoup. However, in a sign of just how pessimistic investors are about Britain's outlook this year, the figures were described as "better-than-expected" by a range of economists, who added that it was broadly in line with the Chancellor's deficit projection of £178bn from last week's pre-Budget report."