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UK Government Borrowing Surges to £24.5bn in September

Original: 🔴 BREAKING UK Government Borrowing Surges to £24.5bn in September The UK Treasury reported a budget deficit of £24.5bn f

The UK Treasury reported government borrowing of £24.5bn for September, one of the highest figures for the month on record. Rising inflation pushed debt interest payments to £10.9bn, the most expensive September for debt servicing on record. The figures add pressure on Chancellor Rachel Reeves ahead of the autumn budget, as analysts warn the growing deficit leaves less room for tax cuts or spending plans.

Why now: The sharp rise in borrowing and record debt interest costs heightens concerns about the UK's public finances ahead of upcoming budget decisions.

UK TreasuryRachel ReevesUnited Kingdom

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• 🔴 BREAKING UK Government Borrowing Surges to £24.5bn in September The UK Treasury reported a budget deficit of £24.5bn for September, driven by rising inflation and increased debt interest payments totaling £10.9bn. This figure marks the highest September debt interest cost on… · GeoWire

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