Highest government borrowing in August for five years
UK government borrowing reached 18bn in August—the highest August in five years—boosting five-month borrowing to 83.8bn and increasing fiscal pressure ahead of the Budget.
More pain for Reeves as cost of government borrowing nears 27-year high
UK long-term borrowing costs have surged near 27-year highs, raising debt servicing expenses and forcing urgent fiscal measures to address a large budget deficit.
