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British public borrowing in the first six months of the tax year came in higher than official forecasts, data showed on Tuesday, underscoring the challenge facing finance minister Rachel Reeves in her first budget next week.

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Reuters

United Kingdom

UK borrowing tops official forecasts again as Reeves readies budget

Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.

Ad Fontes Media

All Sides

Media Bias/Fact Check

BBC News

Government of the United Kingdom

UK borrowing for September rises ahead of Budget

The ONS said public sector net borrowing in the first half of the financial year stood at £79.6 billion, £6.7 billion higher than forecast by the OBR.

The Independent

Evgeny Lebedev

London

Greater London

England

UK borrowing surges past official forecasts ahead of Budget

The Woodbridge Company

Public sector pay rises helped fuel a surge in Treasury borrowing as Rachel Reeves scrambles to fill a &pound;40bn black hole in the public finances.

The Telegraph

Press Holdings

David and Frederick Barclay

Public sector pay rises fuel surge in borrowing ahead of Budget - latest updates

British public borrowing in the first six months of the tax year came in higher than official forecasts, data showed today, underscoring the challenge facing finance minister Rachel Reeves in her first budget next week.

RTÉ

Government of Ireland

Ireland

UK borrowing tops forecasts again as Reeves eyes budget

The challenge facing Chancellor Rachel Reeves ahead of her first Budget has been laid bare after figures revealed government borrowing in the financial year so far has surged past official forecasts.

Shropshire Star

MNA Media

Ketley

Shropshire

The deficit was £2.1 billion more than the same time last year and the third biggest on record for the month, exceeded only by the two Covid years of 2020 and 2021.

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Government borrowing surged to £16.6 billion in September

Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show. Last month had the third-highest September borrowing on record, coming only behind 2020 and 2021, according to data from the Office for National Statistics (ONS). While more money came in from […]

Sky News UK

Roberts family

Government borrowing remains at highest since pandemic | Business News | Tech, Entertainment, Sport, Fashion, Travel News

Central government spending has been recorded at £79.6 billion, exceeding the forecasts by the Office of Budget Responsibility (OBR) and coming in as a fiscal challenge for the Treasury ahead of the October Budget.
The OBR has predicted the public sector net borrowing to stand at 72.9 billion in the first half of the financial year. However, figures published by the Office for National Statistics (ONS) recorded a grimmer picture for public finan…

The Epoch Times

Epoch Media Group

New York

United States

UK Borrowing Exceeds Official Forecasts Ahead of ‘Difficult’ Budget

The UK posted a bigger government deficit than expected in the first half of the fiscal year, ratcheting up pressure on Chancellor of the Exchequer Rachel Reeves to raise taxes and borrow more to cover higher spending at next week’s budget.

UK borrowing tops official forecasts again as Reeves readies budget

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