#uk-public-finances

#uk-public-finances

The total HMRC receipts for the month of September 2025 amounted to £71.2bn. And the total receipts figure for the 12 months to September 2025 was in fact 6% higher than for the same 12-month period to September 2024. However, if these tax take figures were put on a graph, the plot line would seemingly follow a similar trajectory as the UK's borrowing costs, reported to be £7.2bn higher than original forecasting according to the ONS with official borrowing figures for the 6 months to September 2025 reaching just shy pf £100bn.

Government borrowing came in well below expectations in July, offering some short-term relief to chancellor Rachel Reeves as she prepares her autumn budget. Public sector net borrowing totalled £1.1 billion last month, the Office for National Statistics (ONS) said - less than half the £2.6 billion forecast by economists and below the Office for Budget Responsibility's (OBR) £2.1 billion projection.