UK government borrowing in October tops forecasts at £17.4bn
Debt interest payments push public finances deeper into the red in fresh blow to Rachel Reeves
The UK government borrowed more than expected in October as debt interest payments pushed the public finances deeper into the red, piling pressure on Rachel Reeves as she attempts to grow the economy.
Borrowing rose to £17.4bn last month, the second highest October figure since monthly records began in 1993.
City economists had expected a smaller figure, of about £12.3bn for October, after the UK borrowed more than £16bn in September. Continue reading...
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