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UK borrowing for September rises ahead of Budget

October 22, 2024
in Business
Reading Time: 1 min read
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UK borrowing for September rises ahead of Budget
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The OBR, which monitors the UK government’s spending plans and performance, predicted borrowing of £15.1bn for September, less than the actual figure that came in.

It marks a continuation of a trend where official figures have been overshooting OBR forecasts.

The ONS figure for borrowing the first six months of the financial year is £79.6bn, compared with £73.0bn forecast by the OBR.

The monthly figure for September was, however, lower than expected by economists, who had collectively predicted borrowing of £17.5bn.

Credit: Source link

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