All the updated news related to borrowing

All the news related to borrowing updated in real time

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Households ‘borrowing more and saving less’ amid surging inflation

Households are borrowing more and putting less money into savings, according to Bank of England figures. Some experts pointed to the statistics as evidence of people trying to maintain their lifestyles as their incomes are battered by high inflation....

01 Feb 2022 at 12:25

Borrowing soars as runaway inflation pushes up interest

Interest payments on the UK’s debt helped push up borrowing last month, new official data shows. The Office for National Statistics (ONS) said Government borrowing hit £22.9 billion, the second highest June since records began in 1993. It is £4.1 ...

21 Jul 2022 at 09:58

Horse Racing

Alflaila flays Strensall rivals in style

Alflaila came from last to first under Jim Crowley to plunder the Group Three Sky Bet And Symphony Group Strensall Stakes at York. Masekela set a decent pace in the nine-furlong contest and still held every chance with a furlong to race, yet ...

20 Aug 2022 at 15:20

Political instability sees UK economic outlook downgraded by ratings agency

The UK’s economic outlook has been downgraded from “stable” to “negative” by the ratings agency Moody’s due to political instability and high inflation. In a report published on Friday night, Moody’s said the change in outlook was driven by ...

22 Oct 2022 at 08:03

Bank’s chief economist cautions over raising rates ‘too much’

The chief economist of the Bank of England has cautioned that it is important the Bank does not raise borrowing costs too high. Huw Pill’s warning came a day after the central bank hiked interest rates by 0.5 percentage points to 4% but ...

03 Feb 2023 at 08:58

Government borrowing increases on energy bill support and debt interest costs

The rocketing cost of energy bills support and soaring debt interest saw UK government borrowing jump by more than £18 billion in the year to March, according to official figures. The Office for National Statistics (ONS) said the ...

25 Apr 2023 at 12:11

Credit card borrowing increased in June at fastest annual rate since 2005

Credit card borrowing increased at fastest annual rate since 2005 in June

Households’ credit card borrowing increased in June at the fastest annual rate since 2005, while the amount of money being deposited into accounts nosedived. Commentators said the figures, published by the Bank of England, ...

29 Jul 2022 at 12:35

Government borrowing drops to £18.6bn in April

The Chancellor has been given a welcome boost amid pressure to help with the cost-of-living crisis as government borrowing fell in April and official figures revealed last year’s public finances were better than first ...

24 May 2022 at 10:55

City

UK borrowing surges past official forecasts ahead of 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. The Office for ...

22 Oct 2024 at 12:51

Government borrowing undershoots forecasts after inflation-led tax boost

Government borrowing was lower than expected last month in a potential boost to the Chancellor ahead of the autumn statement. The Office for National Statistics (ONS) said public sector net borrowing stood at £14....

20 Oct 2023 at 09:03

GDP figures deal blow to one of Sunak’s five priorities

News that the economy shrank in October has dealt a blow to one of Rishi Sunak’s five priorities. But he may see hope that another of his priorities can be achieved after seeing off a backbench rebellion on his ...

15 Dec 2023 at 10:13

Government borrowing hits higher-than-forecast £17.4bn in October

Government borrowing higher than expected in October

UK Government borrowing has surpassed forecasts on the back of soaring debt interest and recent public sector pay rises. Borrowing rose to £17.4 billion last month marking the second highest October figure ...

21 Nov 2024 at 12:26

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