General · 1 hour ago
UK borrowed £24.5bn in September, more than economists expected, a week before Budget
Ferdi2005 via Wikimedia Commons (CC BY-SA 4.0)
Debt interest alone cost £10.9bn, the highest September figure on record, as global borrowing costs climbed largely because of the conflict in the Middle East. The ONS, the official statistics body, said borrowing beat forecasts from the OBR, the government's spending watchdog, by £1.9bn. Chancellor John Healey's first Budget comes next week, and he is expected to raise taxes on banks.
Reported by stratford-herald.com · How we write briefs