Government borrowing falls in September, but Chancellor in 'tight spot'

Dropped £7bn compared to last year

clock • 1 min read
Borrowing down but still high
Image:

Borrowing down but still high

The Chancellor will be in a “tight spot” at next week’s budget as despite a fall in government borrowing in September, it remains the second-highest for the month since the records began in 1993.

Borrowing dropped by £7bn compared to last September at £21.8bn. However, national debt remains high at 95.5% GDP, the highest recorded level since the early 1960s. Hinesh Patel, portfolio manager at...

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