UK borrowing rises as debt tops three trillion pounds
British government borrowing exceeded expectations in September and public debt surpassed three trillion pounds. The figures highlight the challenges facing finance minister John Healey ahead of his upcoming budget.
Insights:
The United Kingdom borrowed £24.52 billion last month, pushing public debt past £3 trillion ($4.01 trillion) ahead of the government's upcoming budget. The borrowing figure exceeded the £23.85 billion median forecast from a Reuters poll of economists. Finance minister John Healey faces a narrow fiscal margin as he prepares his inaugural tax and spending plans.
