October Borrowing Surpasses Expectations Amid Rising Costs In October, government borrowing in the UK surged beyond forecasts due to unprecedented debt interest payments and increased public sector wages.
Government Borrowing Surges Amid Rising Debt Costs In October, the UK government experienced a significant rise in borrowing, driven by record-high interest payments and increased public sector wages.
The expense of borrowing for the UK government has surged to its highest point in over a year following the recent Budget announcement.