AI summary
Rising debt interest costs have widened the UK budget deficit, intensifying fiscal pressure on Chancellor John Healey ahead of his upcoming budget.
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UK government borrowing rises to £24.5bn as John Healey prepares for budget
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Government paid £10.9bn in debt interest, the highest September figure since records beganBusiness live – latest updatesThe Treasury ran a higher than expected budget deficit of £24.5bn last month as rising inflation pushed up the interest paid on government debt, increasing pressure on John Healey before his first budget next Wednesday.Official figures show the government paid £10.9bn in debt interest: the highest September figure since records began, and only the eighth time the monthly number has been above £10bn. Continue reading...
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