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Government Borrowing Rises Ahead of Autumn Statement Announcements
Economists suggest that the Chancellor is ‘pressured more than ever to pull something out of the bag’ to gain popularity points over tax cut announcements.
Official data showed an increase in government borrowing to £14.9 billion, in the second-highest October borrowing since monthly records began in 1993.
This is £4.4 billion more than was borrowed in October last year, according to the Office of National Statistics (ONS).
Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.
