Government borrowing was much higher than expected in October, as debt interest payments hit a record high and public sector pay rises contributed to higher spending. Borrowing - the difference between spending and tax take - stood at £17.4bn last month, the second highest October figure since monthly records began in 1993.

tag:reuters.com,2024:binary_RC2YUAA34D64-BASEIMAGE

Oxford Mail

Oxford

Oxfordshire

England

United Kingdom

Government borrowing hits higher-than-forecast £17.4bn in October

https://www.bbc.com/news/articles/c4gx70djyg7o Government borrowing was much higher than expected in October, official figures show.Borrowing – the difference between spending and tax take – was £17.4bn last month, the second highest October figure since monthly records began in 1993.The borrowing figures are the first to be released since Chancellor Rachel Reeves’ first Budget last month. Source

Ad Fontes Media

All Sides

Media Bias/Fact Check

BBC News

Government of the United Kingdom

Public sector pay deals help drive up UK borrowing

Borrowing rose to £17.4 billion last month marking the second highest October figure since monthly records began.

The Independent

Evgeny Lebedev

London

Greater London

Surging debt interest and recent increases in public sector wages have driven government borrowing to nearly new heights.

Daily Express

Reach plc

Labour racks up 'second' highest ever October borrowing since records began

Rachel Reeves’s inflation-busting pay deals and soaring debt interest helped to push public borrowing in October to the second-highest on record, according to official data.

The Telegraph

Press Holdings

David and Frederick Barclay

Public sector pay rises fuel jump in borrowing - latest updates

UK Government borrowing has surpassed forecasts on the back of soaring debt interest and recent public sector pay rises.

Shropshire Star

MNA Media

Ketley

Shropshire

Government borrowing higher than expected in October

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

As part of two separate the Department for Work and Pensions (DWP) schemes, UK households face Winter Fuel Payments totalling up to £300, as well as the Warm Home Discount, which is £150.

Birmingham Mail

Birmingham

West Midlands

UK households set to wake up to free £450 payments to help them through winter

Gannett

Telegraph & Argus

Bradford

West Yorkshire

Chancellor Rachel Reeves has borrowed a staggering £17.4billion in October 2024 in yet another blow for Sir Keir Starmer.The Office for National Statistics confirmed the surge in borrowing was £1.6billion more than compared to October 2023, making it the second highest October borrowing since monthly records began in January 1993. City chiefs were expecting a far smaller borrowing figure, around £12.3billion, after Reeves requested £16billion in…

GB News

Politics LIVE: Rachel Reeves borrows £17.4 BILLION in just one month as UK economy risks becoming next victim of Labour chaos

Government borrowing hits higher-than-forecast £17.4bn in October

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics