Weather
UK Borrowing Exceeds Forecast in Final Data Before Budget
Key Points
UK Borrowing Exceeds Forecast in Final Data Before Budget Britain borrowed more than forecast in the first six months of the fiscal year, highlighting the constraints facing Chancellor of the Exchequer John Healey ahead of his inaugural budget next week. The deficit for April to September widened to £97.8 billion ($130 billion) — £6 billion more than the Office for Budget Responsibility predicted in March. Borrowing in September was £24.5 billion, above the OBR forecast and the shortfall a...
UK Borrowing Exceeds Forecast in Final Data Before Budget
Britain borrowed more than forecast in the first six months of the fiscal year, highlighting the constraints facing Chancellor of the Exchequer John Healey ahead of his inaugural budget next week.
The deficit for April to September widened to £97.8 billion ($130 billion) — £6 billion more than the Office for Budget Responsibility predicted in March. Borrowing in September was £24.5 billion, above the OBR forecast and the shortfall a year earlier.