All the updated news related to borrowing

All the news related to borrowing updated in real time

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Inflation fuels jump in Government debt costs as borrowing hits £4.9bn

Interest payments on Government debt jumped by almost 40% last month as rocketing inflation continues to add to state borrowing, according to official data. The Office for National Statistics (ONS) said Government borrowing hit £4.9 billion in July. ...

19 Aug 2022 at 16:01

Truss and Kwarteng under pressure as Bank launches emergency bond-buying action

Bank launches emergency bond-buying action as UK borrowing costs soar

The Bank of England has launched an emergency UK government bond-buying programme to prevent borrowing costs from spiralling out of control and stave off a “material risk to UK financial stability”. The Bank announced it was stepping in to buy up ...

28 Sept 2022 at 20:26

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

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 ...

21 Jul 2022 at 09:58

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, reflect the ...

29 Jul 2022 at 12:35

City

Interest on Government debt hits February record ahead of spring statement

The Chancellor was dealt a blow ahead of Wednesday’s spring statement as official figures showed higher-than-expected Government borrowing last month after soaring inflation saw interest payments hit record levels. The Office for ...

22 Mar 2022 at 09:25

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 thought. ...

24 May 2022 at 10:55

City

Government borrowing drops by half, but remains close to all-time highs

The Government borrowed more in the last year than at almost any point since records began, but the amount of tax money it collected rose. The public sector borrowed £151.8 billion in the year to March, the third highest ...

26 Apr 2022 at 09:25

Personal Finance

Buy now, pay later will appear on credit files from summer, says TransUnion

A major credit reference agency says people’s buy now, pay later (BNPL) borrowing will start to appear on its consumer credit reports from this summer. TransUnion said BNPL finance – also known as deferred payment ...

09 Feb 2022 at 15:25

Interest on government borrowing jumps to December record amid soaring inflation

Interest on government borrowing surged to a December record last month due to rocketing inflation, according to official figures. The Office for National Statistics (ONS) said interest payments on government ...

25 Jan 2022 at 09:25

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 ...

01 Feb 2022 at 12:25

People ‘turning to credit as painfully high bills eat into incomes’

Credit card borrowing increased at the fastest annual rate since 2005 in July, according to Bank of England figures. Finance experts pointed to the figures as evidence that households are turning to ...

30 Aug 2022 at 12:14

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