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

Government borrowing costs rise further after Budget

Government borrowing costs leapt higher on Thursday afternoon with bond yields rising to their highest point in a year, as markets continued to digest a sharp increase in borrowing in Labour’s autumn Budget. The yield – ...

31 Oct 2024 at 16:49

City

UK long-term borrowing costs jump to highest level since 1998

The UK’s long-term government borrowing costs have lifted to their highest level since 1998, in a potential blow for the Chancellor Rachel Reeves. The yield on 30-year gilts – the return on Government bonds – increased ...

07 Jan 2025 at 19:16

City

Pound slumps as government borrowing costs highest since 2008

The value of the pound slid to its lowest level for nine months after government borrowing costs surged further. It comes during a continued sell-off in the bond market amid investor concerns over the threat of ...

08 Jan 2025 at 15:09

City

Reeves may need to cut spending after jump in borrowing costs, say economists

The Chancellor could be forced into further tax hikes or cuts to spending plans to meet UK fiscal rules after a jump in government borrowing costs, economists have warned. State borrowing costs struck their ...

08 Jan 2025 at 23:34

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