UK government borrowing jumps in August ahead of upcoming budget

NAMPA / DPA

2024-09-20

London (PA Media/dpa) - British Chancellor Rachel Reeves faces a fresh headache ahead of her first budget this autumn after official figures revealed government borrowing jumped by more than expected last month. Borrowing rose to £13.7 billion ($18.2 billion) last month, marking the third highest August on record, driven by higher spending on public services due to increased running costs and pay increases. The increase means public sector debt h......

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