UK Posts Bigger-Than-Forecast £14.3 Billion Budget Deficit

UK Posts Bigger-Than-Forecast £14.3 Billion Budget Deficit

Government Borrowing Soars to £14.3 Billion in February

New ONS figures show government borrowing hit a whopping £14.3 billion in February. More than double the forecasts, and the second-highest level for

UK government borrowing blows past forecasts as debt interest surges – NATIONAL NEWS

UK government borrowing has surged far beyond expectations, as rising debt interest costs and market turmoil push the public finances under increasing strain and heap pressure on the government. The government borrowed £14.3 billion in February, well above the £8.5 billion forecast by analysts and the £7.4 billion expected by the Office for Budget Responsibility, according to the Office for National Statistics. It marks the second-highest Februa…

Surge in UK borrowing limits scope for energy bill support as fiscal pressures mount

A sharp rise in UK government borrowing has intensified concerns that ministers will have limited capacity to shield households from a looming surge in energy bills, as geopolitical tensions push inflation risks higher. Official figures show public sector net borrowing reached £14.3 billion in February, the second-highest level for the month since records began and significantly above economists’ expectations of £8.8 billion. The figure was also…

Britain’s borrowing splurge is not sustainable - Politics, Policy, Political Views

After a record tax take and surplus in January, normal service has resumed. Britain experienced its second-largest February borrowing splurge since records began, according to figures just released by the Office for National Statistics (ONS). Last month we borrowed some £14.3 billion, which was £2.2 billion more than a year before and the second highest figure for a February since records began in 1993. Tom Davies, senior statistician at the ONS…