UK's national debt at highest level since 1962, reaching 99.5% of the economy in June amid higher-than-expected borrowing, posing challenges for the new Chancellor in managing public finances.
Government borrowing hits second highest since records began - London Business News | Londonlovesbusiness.com
Government borrowing reached £17.4 billion in October, indicating limited financial flexibility amidst soaring debt interest and rising expenditure.
Borrowing higher since pandemic which could lead to tax rises in the Autumn Budget - London Business News | Londonlovesbusiness.com
Government borrowing rose to £51.3 billion in July, the highest since 2021, spurring speculation about potential tax increases in the Autumn Budget.
Government borrowing in August highest since Covid
Government borrowing reached its highest level for August since the Covid pandemic, driven by increased spending outpacing tax revenue.
Public sector pay deals help drive up UK borrowing
Government borrowing increased significantly in October due to record debt interest payments and rising public sector pay, indicating fiscal challenges ahead.
UK government debt highest since 1962
UK's national debt at highest level since 1962, reaching 99.5% of the economy in June amid higher-than-expected borrowing, posing challenges for the new Chancellor in managing public finances.
Government borrowing hits second highest since records began - London Business News | Londonlovesbusiness.com
Government borrowing reached £17.4 billion in October, indicating limited financial flexibility amidst soaring debt interest and rising expenditure.
Borrowing higher since pandemic which could lead to tax rises in the Autumn Budget - London Business News | Londonlovesbusiness.com
Government borrowing rose to £51.3 billion in July, the highest since 2021, spurring speculation about potential tax increases in the Autumn Budget.
Government borrowing in August highest since Covid
Government borrowing reached its highest level for August since the Covid pandemic, driven by increased spending outpacing tax revenue.
Public sector pay deals help drive up UK borrowing
Government borrowing increased significantly in October due to record debt interest payments and rising public sector pay, indicating fiscal challenges ahead.
UK bond market in turmoil as budget changes calculus of interest rates
UK borrowing costs are rising following Chancellor Rachel Reeves's proposal for increased government borrowing of £32bn, impacting bond market yields significantly.
Government borrowing surges to 3.1bn as Reeves faces growing pressure to raise taxes
UK public sector borrowing rose unexpectedly in July, complicating budget preparations for newly appointed Chancellor Rachel Reeves.
UK government borrowing hits higher than expected 3.1bn in July
Public spending increases have led to a significant rise in government borrowing, surpassing expectations and marking the highest deficit for July in three years.
Rachel Reeves didn't scare the markets. But nor did she impress with a growth plan | Nils Pratley
UK's growth forecast remains modest at 1.6% in 2028-29, raising concerns about investment and economic sustainability.
UK bond market in turmoil as budget changes calculus of interest rates
UK borrowing costs are rising following Chancellor Rachel Reeves's proposal for increased government borrowing of £32bn, impacting bond market yields significantly.
Government borrowing surges to 3.1bn as Reeves faces growing pressure to raise taxes
UK public sector borrowing rose unexpectedly in July, complicating budget preparations for newly appointed Chancellor Rachel Reeves.
UK government borrowing hits higher than expected 3.1bn in July
Public spending increases have led to a significant rise in government borrowing, surpassing expectations and marking the highest deficit for July in three years.
Rachel Reeves didn't scare the markets. But nor did she impress with a growth plan | Nils Pratley
UK's growth forecast remains modest at 1.6% in 2028-29, raising concerns about investment and economic sustainability.
The Treasury is set to relax its debt rule for increased borrowing to fund infrastructure projects, ensuring independent oversight to improve efficiency.
EXPLAINED: Why train passengers in Germany could see major ticket price hikes
Germany's rail network struggles due to outdated infrastructure and strict borrowing limits, leading to expected fare increases for passengers.
Steve Mnuchin Acknowledges Mistake
Mnuchin regrets introducing the 20-year Treasury bond due to increased interest expenses.
Jeremy Hunt handed 20bn of headroom for tax cuts this March
Government borrowing in December was lower than expected, giving Chancellor Jeremy Hunt more flexibility to lower taxes in the March Budget.
Lower inflation and reduced debt interest costs contributed to the lower borrowing figures, providing a timely fiscal boost for Hunt.
Why government debt is not like household borrowing
Comparing government borrowing to household budgeting may oversimplify complex economic concepts.