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UK government borrows more than expected in setback before budget

21.11.2025 09:13 | The Guardian World

October figures represent final snapshot of public finances before Rachel Reeves’s tax and spending statementBusiness live – latest updatesThe UK government borrowed more than expected in October, official figures show, in the final snapshot of the public finances before Rachel Reeves’s crunch budget.The Office for National Statistics said the government borrowed £17.4bn last month. That was lower than the same month last year, but still marked the third highest October deficit in the public finances on record. It is also higher than the £15bn City economists had forecast. Continue reading...

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