Content overview: “UK Government Borrowing Hits £24.5bn in September as Debt Interest Soars to Record £10.9bn”. The UK Treasury ran a higher than expected budget deficit of £24.5bn in September, driven by a record £10.9bn in debt interest payments—the highest September figure since records began. Rising inflation, which has pushed up the cost of servicing government debt, is putting pressure on Chancellor John Healey as he prepares to deliver his first budget next Wednesday. The £10.9bn interest bill marks only the eighth time the monthly figure has exceeded £10bn, underscoring the growing burden of debt costs on public finances.
This latest borrowing data comes amid ongoing economic uncertainty and will likely shape the government's fiscal strategy, with potential implications for taxation and spending plans. Healey now faces the challenge of balancing support for households and businesses against the need to restore fiscal credibility. This listing links straight to the original page, where the content is available in full.