Tag: Office for National Statistics

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
Economy and TradingGovernment

UK Economy Shows Modest Growth Amid Budget Uncertainty and Trade War Concerns

Britain’s economy returned to marginal growth in August with 0.1% expansion, official data shows. The modest recovery comes as Finance Minister Rachel Reeves prepares her November budget amid ongoing economic challenges and international trade tensions.

UK Economy Records Modest Growth Amid Budget Preparations

The UK economy returned to growth in August with a marginal 0.1% expansion from July, according to official data reported by Reuters. The slight improvement offers some relief to Finance Minister Rachel Reeves as she prepares her November budget, though previous data for July was revised downward to show a 0.1% contraction instead of remaining unchanged.

by Megan Carter