UK government borrowing surged to £20.2 billion in September, marking the highest September figure in five years. The data comes weeks before Chancellor Rachel Reeves prepares what analysts suggest will be a challenging November budget amid significant fiscal pressures.
September Borrowing Hits Highest Level Since 2019
The UK government borrowed £20.2 billion in September, reaching the highest level for the month in five years, according to official data released Tuesday. The substantial shortfall between government income and spending underscores the fiscal challenges facing Chancellor Rachel Reeves as she prepares for what analysts suggest will be a difficult November Budget.