UK borrows less than expected this year as Hunt lines up giveaways

UK borrows less than expected this year as Hunt lines up giveaways
By: The Guardian Posted On: November 21, 2023 View: 9

Chancellor says bringing down inflation remains one of his main aims as he prepares autumn statementBusiness live – latest updatesThe UK government borrowed less than expected in the first seven months of the financial year as Jeremy Hunt puts the last-minute touches to a series of pre-election giveaways in his autumn statement on Wednesday.Public sector borrowing between April and October was just above £98bn, according to the Office for National Statistics (ONS), and while this was £22bn higher than in the same period last year, it was almost £17bn less than the Office for Budget Responsibility (OBR) forecast in March. Continue reading...

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