19 Hrs
Source:
The Guardian
UK borrowings rise to £18.3bn in August
The UK’s public finances reveal August borrowing of £18.3 billion, exceeding forecasts and increasing the national debt faster than expected. Higher inflation has driven up spending on public-sector wages, benefits, and pension costs, while debt servicing costs remain notably high. This situation presents challenges for the government’s upcoming budget and fiscal rules, as rising borrowing and debt levels constrain fiscal flexibility.
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