UK Public-Sector Borrowing Climbs on Year, Narrowing Room for Tax Breaks

Nov. 21, 2023 2:27 am ET

U.Okay. public-sector borrowing grew on 12 months in October, a sign that finance chief Jeremy Hunt will discover little fiscal headroom to cross tax cuts in Wednesday’s autumn funds assertion.

Public-sector internet borrowing, excluding banks, was 14.9 billion kilos ($16.30 billion) in October, a bounce of GBP4.5 billion from the GBP10.5 billion in the identical month of final 12 months, in keeping with knowledge from the Office of National Statistics revealed Tuesday.

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