Borrowing hits a four-year high for December - Sky News

Jan 22, 2025 · Long-term borrowing costs hit highs not seen since 1998 amid a global sell-off ahead of President Trump taking office earlier this month, with the 30-year UK gilt yield still …

CouponFollow Extension

£34
OFF

Public Sector Borrowing Hit £34.1bn In December - Sky News

3 weeks from now

Jan 22, 2021 · • Borrowing since the start of the financial year in April has reached £270.8bn • Borrowing in December 2020 was £28.2bn more than in December 2019 • December's figure …

sky.com

£17
OFF

Reeves Optimistic Despite Surprise Rise In UK Borrowing - BBC

3 weeks from now

Jan 22, 2025 · Borrowing - the difference between spending and tax revenue - was £17.8bn last month, the highest December level for four years, according to official figures.

bbc.com

£17
OFF

UK Borrowing Hit Highest December Level For Four Years At £17.8bn

3 weeks from now

Jan 22, 2025 · As a result, the current budget deficit reached its highest December figure for two years at £10bn, up from £2.7bn in December a year prior. Jessica Barnaby, deputy director for …

investmentweek.co.uk

£10
OFF

Debt Interest Hit As December Borrowing At Four-year High

3 weeks from now

Jan 22, 2025 · It left public sector net borrowing £10.1bn up on the same month last year and £8.9bn higher than at the same point in the last financial year. Borrowing is on the up amid a …

redreefresearch.com

£4
OFF

UK Borrowing Hits Four-year High – What Does It Mean For The …

3 weeks from now

Figure has exceeded the Office for Budget Responsibility’s forecast by £4.7 billion, causing concern among economists

thetimes.com

£100
OFF

Consumer Borrowing Hits Five-year High As Inflation And ... - Sky …

3 weeks from now

Jul 31, 2023 · Net borrowing of mortgage debt by individuals increased to £100m last month, after net repayments of £100m in May and record high net repayments of £1.1bn in April this year. …

sky.com

£17
OFF

Borrowing Surges To Four-year High In Blow To Chancellor

3 weeks from now

Jan 22, 2025 · The Office for National Statistics (ONS) said public sector net borrowing stood at £17.8 billion in December – the highest level for four years. Borrowing was £10.1 billion higher …

newsandstar.co.uk

2%
OFF

Money Blog: 'I Bought My Dream Home For £35,000' - What It

3 weeks from now

4 days ago · Gold prices have hit a record high today as investors flocked to purchase the safe metal over US tariff concerns. Spot gold was up 0.2% at $2,798.96 per ounce - 6% more than …

sky.com

1%
OFF

Politics Latest: Billions To Be Spent To Increase State Pension - Sky …

3 weeks from now

1 day ago · MPs have backed a £6.9bn spending boost for the state pension and benefits from this April. The former will go up by 4.1%, in line with current growth in average earnings for …

sky.com

FAQs about Borrowing hits a four-year high for December - Sky News Coupon?

How much did the Treasury borrow in December?

The Treasury borrowed more than expected last month to record the highest December sum for four years, official figures have shown, with higher debt interest payments adding to the bill. The Office for National Statistics (ONS) reported a net borrowing figure for December of £17.8bn when a sum just above £14bn had been expected by economists. ...

Did government borrowing rise more than expected in December?

Government borrowing rose more than expected in December, hitting its highest level for the month for four years, official figures show. Borrowing - the difference between spending and tax revenue - was £17.8bn last month, £10.1bn more than in December 2023, the Office for National Statistics (ONS) said. ...

Is December's overshoot in borrowing a bad news for the Chancellor?

But Alex Kerr, UK economist at Capital Economics, said against the backdrop of weak economic growth and high interest rates, "December's overshoot in borrowing is further disappointing news for the chancellor". ...

Why is the UK borrowing so low in January?

January's borrowing figure is typically lower than in December due to lots of people submitting self-assessment tax returns, which increases the government's revenue. Separately, asked if the UK would introduce retaliatory tariffs should the Trump administration levy their own on the UK, she warned not to "get ahead of ourselves". ...

Is December's debt overshoot a bad news for the Chancellor?

The amount marked the third-highest December debt interest repayments since monthly records began in January 1997. Alex Kerr, UK economist at Capital Economics, said against the backdrop of sluggish economic growth and high interest rates, "December's overshoot in borrowing is further disappointing news for the chancellor". ...

Why is borrowing on the up?

Borrowing is on the up amid a budget-led drive for public sector investment, but the ONS data showed an £8.3bn debt interest bill - the third-highest December total on record. Money latest: UK mortgage rules could be about to change The report said that higher bill was mainly explained by shifts in the rate of inflation linked to the borrowing. ...