Category: Policy

EconomyGovernmentPolicy

UK Public Sector Borrowing Hits Five-Year September High Amid Rising Debt Costs

UK public sector borrowing surged to £20.2 billion in September, marking the highest level for that month in five years. The increase reportedly stems from rising debt interest payments that outpaced gains in tax and National Insurance revenues. Fiscal year borrowing has now reached £99.8 billion, according to official statistics.

September Borrowing Reaches Five-Year Peak

The UK government’s borrowing requirement hit £20.2 billion in September, representing the highest level for that month in five years, according to the latest official figures. The Office for National Statistics (ONS) reported this represents a £1.6 billion increase compared to September of the previous year, indicating continued pressure on public finances.

by Megan Carter
EnergyGovernmentPolicy

Audit Office Uncovers Major Deficiencies in Northern Ireland’s Energy Strategy Implementation

A new audit report has identified “significant flaws” in how Northern Ireland’s Department for the Economy is implementing its energy strategy. With £107 million already spent, auditors warn of “very significant risk” that key 2030 targets will be missed. The department maintains its commitment to achieving the strategy’s objectives despite the critical findings.

Major Concerns Raised Over Energy Strategy Execution

The Department for the Economy’s implementation of its own energy strategy contains “significant flaws” that put key climate targets at risk, according to a new report from the Northern Ireland Audit Office. The findings suggest serious questions about the effectiveness of current approaches to achieving net zero and affordable energy goals.

by Megan Carter