UK government borrowing rises to £24.5bn as John Healey prepares for budget

UK government borrowing rises to £24.5bn as John Healey prepares for budget

Government paid £10. 9 bn in debt interest, the highest September figure since records began Business live – latest updates The Treasury ran a higher than expected budget deficit of £24. 5 bn last month as rising inflation pushed up the interest paid on government debt, increasing pressure on John Healey before his first budget next Wednesday.

Official figures show the government paid £10. 9 bn in debt interest: the highest September figure since records began, and only the eighth time the monthly number has been above £10 bn. Continue reading...

Read the full story at theguardian.com

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