Business
Surge in August borrowing intensifies fiscal pressure on chancellor before budget
Government borrowing rose to £18.3bn in August, driven by inflation-linked debt costs, compounding challenges ahead of the October Budget.
Government borrowing rose to £18.3bn in August, driven by inflation-linked debt costs, compounding challenges ahead of the October Budget.
August borrowing exceeded forecasts as debt servicing costs rise, prompting economists to predict a constrained fiscal budget ahead.