News · 19 December 2025
UK Government Borrowing Exceeds Expectations in November as Pre-Budget Financial Pressures Mount
The UK government borrowed £11.7 billion in November, surpassing economists' forecasts of £10.2 billion and marking the latest in a series of borrowing overshoots that have intensified pressure on Chancellor Rachel Reeves. Total borrowing for the financial year has reached £116.8 billion, nearly £10 billion above official forecasts, fueling market concerns about fiscal sustainability ahead of the Autumn Budget.
Reported by CityAM · How we write briefs