US EditionGovernment Borrowing for October Higher than Expected
Public sector borrowing reached £17.4bn in October, surpassing forecasts and contributing to a £116.8bn total so far this year, driven by higher spending and debt interest costs.
- In October, the Office for National Statistics said public sector borrowing was £17.4 billion, exceeding forecasts and reaching the third highest for October since records began.
- Rising NIC receipts, including a £8.4 billion increase to £16.9 billion, partly offset increased public spending, with the ONS revising borrowing lower by £400 million for the first six months.
- October's figures were notable as public sector debt excluding the Bank of England reached £2.77 trillion, around 90% of GDP, and debt interest payments eased to £8.4 billion last month.
- Treasury Chief Secretary James Murray now faces pressure as he said: `Currently, we spend £1 in every £10 of taxpayer money on interest on our national debt.`
- Some economists estimate the UK public finances could overshoot the OBR's forecast by around £50 billion, heightening pressure ahead of the November 26 Budget, while Beck warns of a £10 billion possible overshoot in 2025/26.
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City AMUK government borrowing overshoots in Budget blow
UK government borrowing exceeded expectations in October, with benefits and public sector wages intensifying pressures on the public purse ahead of Rachel Reeves’ Budget next Wednesday. The Office for National Statistics showed that public sector net borrowing had reached £17.4bn in the ...
Public sector finances UK October 2025 - Government Borrowing Climbs
Borrowing - the difference between total public sector spending and income - was £17.4 billion in October 2025; this was £1.8 billion (or 9.6%) less than October 2024 but the third-highest October borrowing (not adjusted for inflation) since monthly records began in 1993, after those of 2024 and 2020. Borrowing in the financial year to October 2025 was £116.8 billion; this was £9.0 billion (or 8.4%) more than in the same seven-month period of 20…
Government borrowing & energy costs hit harder than inflation
Share this post: You’re still being clobbered by the increased cost of living, even after the fall in inflation announced on November 21, 2025. Here’s the BBC: “UK government borrowing was higher than expected last month, according to the latest official figures. “Borrowing - the difference between public spending and tax income - [...] The post Government borrowing and increased energy cost will affect you more than inflation drop appeared firs…
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