Borrowing surges by more than forecast in blow to Chancellor
The Office for National Statistics said public sector net borrowing stood at £17.8 billion last month, up £10.1 billion on a ...
UK budget deficit surges in December as debt interest hits
Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest and a one-off purchase of military ...
U.K. Government Borrowing Jumps as Interest Payments Rise
The budget deficit surged in the final month of 2024, underlining the challenge facing the government in meeting its fiscal ...
Private sector pay rises drive up UK wage growth
Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.
Borrowing surges to four-year high in blow to Chancellor
The Office for National Statistics said public sector net borrowing stood at £17.8 billion last month, up £10.1 billion on a ...
Borrowing hits a four-year high for December
The official figures are released as the chancellor's stewardship of the public finances remains under intense scrutiny at a ...
Chancellor under pressure over state of public finances as borrowing soars again
The Office for National StatisticsThe attributed this increase largely to skyrocketing debt interest payments, which have ...
UK economy: Borrowing overshoots expectations as interest bill spikes
Government borrowing overshot expectations last month, new figures show, as ministers promised to take a hard line on ...
Liberal Democrats25m
Borrowing figures: Another sign the Chancellor's Budget has not worked
Responding to figures from the Office for National Statistics (ONS) showing UK borrowing has hit its highest December level for four years, Liberal Democrat Treasury Spokesperson, Daisy Cooper MP said ...
Davos: Reeves defends fiscal rules and says Heathrow expansion is ‘pro-growth’
Rachel Reeves has insisted the UK would continue to meet her “fiscal rules”, describing them as the “bedrock” of economic ...
Treasury borrows more than expected in blow to Reeves’s spending plans
Treasury borrowing has already shot past official forecasts made in the Budget in a blow to Rachel Reeves’s plans to ramp up ...
U.K. Government Borrowing Jumps as Interest Payments Rise — Update
Yields on U.K. government bonds--which are known as gilts--surged in early January, and although they have since fallen back somewhat, they remain above the levels assumed by the OBR when it was ...