World2 sources

UK Government Borrowing Rises to £24.5bn Ahead of Budget

  • The UK government's budget deficit was £24.5bn in September, higher than expected.
  • The government paid £10.9bn in debt interest, the highest September figure since records began.
  • Rising inflation contributed to the increased interest on government debt.
  • The figures were released ahead of John Healey's first budget on October 28.
  • The higher borrowing adds pressure on Healey before the upcoming budget.
UK Government Borrowing Rises to £24.5bn Ahead of Budget | Split Angle