Higher-than-expected UK borrowing heaps pressure on Rachel …

Jan 22, 2025 · UK borrowing reached £17.8bn in December, which was the highest figure for the month in four years, putting further pressure on Chancellor Rachel Reeves. Official data …

CouponFollow Extension

£17
OFF

Higher-than-expected UK Borrowing Heaps Pressure On Rachel …

6 hours from now

Jan 22, 2025 · UK borrowing reached £17.8bn in December, which was the highest figure for the month in four years, putting further pressure on Chancellor Rachel Reeves. Official data …

yahoo.com

£17
OFF

UK Borrowing Rises Unexpectedly As Rachel Reeves Claims …

6 hours from now

Jan 22, 2025 · UK borrowing costs rose unexpectedly to £17.8billion in December, but Chancellor Rachel Reeves remains confident in the country's financial health following the October …

gbnews.com

£18
OFF

The UK Government’s £18bn Borrowing Costs Are Higher Than …

6 hours from now

Jan 22, 2025 · The UK government’s £18bn borrowing costs are higher than expected - how did we get here? The deficit was the highest for any December since 2020, when the government …

independent.co.uk

£3
OFF

Borrowing Surges To Higher Than Forecast £3.1bn In July In Blow To ...

6 hours from now

Aug 21, 2024 · Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes The Office for National Statistics (ONS) said public sector net …

independent.co.uk

£2
OFF

UK's £2.7tn Debt Is Same Size As GDP For The First Time Since 1961

6 hours from now

Sep 20, 2024 · The grim mark was hit as Government borrowing rose by more than expected to £13.7billion - £3.3billion higher than last August and the third highest for the month on record.

dailymail.co.uk

£3
OFF

Rachel Reeves Faces Hard Choices As Borrowing Higher Than Expected

6 hours from now

Official data showed the government borrowed £3.1 billion last month, well above forecasts and highlighting the difficult financial backdrop facing Rachel Reeves

thetimes.com

£17
OFF

UK Borrowing Unexpectedly Jumps, Increasing Pressure On Rachel …

6 hours from now

Jan 22, 2025 · London: Last month, the UK government borrowed a surprising £17.8 billion. This figure is a big jump from what experts expected. It puts a lot of pressure on Rachel Reeves to …

speaksly.co.uk

FAQs about Higher-than-expected UK borrowing heaps pressure on Rachel … Coupon?

Is Chancellor Rachel Reeves 'optimistic' on the UK economy?

Chancellor Rachel Reeves says she is "optimistic" on the UK economy despite pressure on government finances after borrowing rose more than expected in December. Borrowing - the difference between spending and tax revenue - was £17.8bn last month, the highest December level for four years, according to official figures. ...

How much did UK government borrowing rise in December?

UK government borrowing jumped to £17.8bn in December, which was above economists' forecasts. UK borrowing reached £17.8bn in December, which was the highest figure for the month in four years, putting further pressure on Chancellor Rachel Reeves. ...

How has the rise in borrowing costs wiped out the Chancellor's financial cushion?

The rise in borrowing costs has almost completely used up the Chancellor's financial cushion, wiping out £8.9billion of her £9.9billion headroom. ...

Why did UK borrowing costs ease in December?

UK borrowing costs have eased since figures last week showed inflation unexpectedly slowed in December, and a global bond sell-off abated. But the government remains under pressure to turn around the economy, which grew just 0.1 per cent in November after mild contractions in September and October. ...

Why has UK public borrowing overshot forecasts this year?

UK public borrowing has overshot forecasts this year, partly because of higher than expected spending, and some analysts expect the government will have to sell more gilts in the financial year to March 2025 than the current forecast of £278bn. ...

How does a higher cost of borrowing affect Reeves' budget plans?

The higher cost of borrowing has direct consequences for Reeves’ budget plans, by driving up interest payments that already exceed £100bn a year. She has set herself the goal of balancing the current budget, excluding investment spending, by 2029-30. ...