UK government borrowing rises above forecasts to £24.5bn in September ahead of the Budget

Summary

Public sector net borrowing rose by £1.8 billion to £24.5 billion for September, above forecasts, the Office for National Statistics reported, according to the Evening Standard and The Independent on Wednesday 21 October. The Financial Times said the higher-than-expected figures for September are the final snapshot of the public finances before the Budget on October 28, and The Guardian reported that the government paid £10.9bn in debt interest, the highest September figure since records began, as John Healey prepares for the budget.

Latest: Public sector net borrowing rose by £1.8 billion to £24.5 billion for September, above forecasts, the ONS reported, the Financial Times calling the figures the final snapshot of the public finances before the Budget on October 28 and The Guardian reporting £10.9bn in debt interest, the highest September figure since records began.

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