All the updated news related to government borrowing

All the news related to government borrowing updated in real time

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Government borrowing soars to record £22bn in November

Government borrowing soars to record £22 billion in November

Government borrowing surged to £22 billion last month due to higher interest costs and cost-of-living payments to households. The Office for National Statistics (ONS) said state borrowing leapt £13.9 billion compared with the same month last year. ...

21 Dec 2022 at 09:52

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 public sector ...

25 Apr 2023 at 12:11

Government borrowing comes in below official forecasts in August

Pressure on the Chancellor to cut taxes ahead of the next general election ramped up further after figures showed government borrowing came in lower than official forecasts in August. The Office for National Statistics (ONS) said public ...

21 Sept 2023 at 09:52

Government borrowing rises but still leaves Chancellor room for tax cuts

Government borrowing increased by more than expected last month according to official figures, but left Chancellor Jeremy Hunt with headroom for planned tax cuts in Wednesday’s autumn statement. Economists said the latest borrowing ...

21 Nov 2023 at 10:46

Borrowing data offers boost to Chancellor’s tax cut plans

Chancellor Jeremy Hunt’s plans for tax cuts in Wednesday’s autumn statement have been boosted as figures showed Government borrowing was lower than official forecasts in the year to date despite a sharp rise in October. The Office ...

21 Nov 2023 at 10:13

‘Significant’ amount of Government’s borrowing ability used, report finds

The Scottish Government has used a “significant” amount of its ability to borrow money, which may constrain the choices of future governments, economists have said. The Fraser of Allander Institute (FAI) said the fiscal situation ...

15 Dec 2023 at 00:01

Tax rises needed as UK on ‘unsustainable’ debt path, watchdog warns

Britain’s public finances are already on an “unsustainable path”, with government debt levels at risk of more than trebling and tax increases needed to offset rising cost pressures, the UK fiscal watchdog has warned. The latest ...

07 Jul 2022 at 13:27

UK faces risk of recession from cost crunch and ballooning debt burden – OBR

Soaring energy prices and inflation threaten to tip the UK into recession while government debt levels could more than treble unless taxes are hiked, the UK fiscal watchdog has warned. The Office for Budget Responsibility ...

07 Jul 2022 at 11:58

City

Reeves back at Cabinet meeting amid market turmoil

Rachel Reeves is expected at Downing Street for a Cabinet meeting on Tuesday as she continues to face pressure amid market turmoil. It comes after Sir Keir Starmer appeared to waver in his support for the Chancellor when ...

14 Jan 2025 at 09:11

City

We don’t need to worry about rise in borrowing costs, minister insists

A Cabinet minister has insisted there is no need to be worried about rising Government borrowing costs after yields on UK bonds surged to their highest level since the 2008 financial crisis. Speaking to broadcasters on ...

10 Jan 2025 at 17:41

City

Government says ‘no need for emergency intervention’ in financial markets

The Government has said there is “no need for an emergency intervention” as it sought to soothe concerns over the UK’s shaky financial markets. On Thursday, the value of the pound fell to its lowest level in over a ...

09 Jan 2025 at 17:40

City

Markets ‘orderly’ despite soaring borrowing costs, says Treasury minister

The Treasury has said UK financial markets are functioning “in an orderly way” despite the pound plunging to its lowest level for over a year after a rout in the bond markets. Government borrowing costs increased ...

09 Jan 2025 at 15:09

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