All the updated news related to government borrowing

All the news related to government borrowing updated in real time

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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 (OBR) said the UK ...

07 Jul 2022 at 11:58

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 public ...

25 Apr 2023 at 12:11

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

City

Pound under further pressure as government borrowing costs keep rising

The pound has tumbled to its lowest level against the US dollar for over a year as government borrowing costs surged further, heaping yet more pressure on Labour over its fiscal plans. Sterling weakened again on Thursday morning ...

09 Jan 2025 at 09:27

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 further on ...

09 Jan 2025 at 15:09

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 year ...

09 Jan 2025 at 17:40

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 highest ...

08 Jan 2025 at 23:34

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 ...

10 Jan 2025 at 17:41

Reeves’ authority not dented by reshuffle, No 10 says in bid to calm markets

Rachel Reeves’ authority has not been dealt a blow by Sir Keir Starmer’s shake-up of his Downing Street team, No 10 has insisted as it sought to calm market jitters. The Government’s “ironclad ...

02 Sept 2025 at 17:02

Chancellor given £2bn Budget boost after VAT error sees borrowing revised down

Chancellor Rachel Reeves has been given an extra £2 billion wriggle room in her upcoming Budget after it was revealed that official Government borrowing figures have been overstated due to ...

08 Oct 2025 at 13:28

Pressure on Chancellor ramps up as government bond sell-off deepens

UK long-term government borrowing costs have continued to surge higher, hitting fresh 27-year highs, while the pound remained under pressure despite Downing Street’s assurances over the ...

03 Sept 2025 at 09:22

‘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 ...

15 Dec 2023 at 00:01

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