UK borrows far more than expected in December - Financial Times

Jan 22, 2025 · Borrowing — the difference between public sector spending and income — was £17.8bn last month, £10.1bn more than in December 2023, and the third highest in any …

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UK Borrows Far More Than Expected In December - Financial Times

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Jan 22, 2025 · Borrowing — the difference between public sector spending and income — was £17.8bn last month, £10.1bn more than in December 2023, and the third highest in any …

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UK Government Borrowing Rises By More Than Expected In …

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Jan 22, 2025 · The £17.81 billion figure was £10.1 billion more than in December 2023 and the highest December borrowing for four years, the ONS noted. For the year that ended …

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UK Borrowing Rises More Than Expected In December

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Jan 22, 2025 · The government borrowed £3.2 billion more than official forecasters expected last month due to higher spending on benefits and pay rises for public sector workers. According to …

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UK Borrowing Jumps In December As Debt Interest Climbs

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Jan 22, 2025 · Public sector net borrowing was 17.8 billion pounds ($22 billion) in December, more than 10 billion pounds higher than a year earlier, the Office for National Statistics said on …

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

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Jan 22, 2025 · The ONS data showed that the current budget deficit – borrowing to fund day-to-day public sector activities – was £10.0bn in December, which was £7.3bn more than in the …

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UK Borrowing Rises Unexpectedly As Rachel Reeves Claims …

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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 …

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UK Public Sector Borrowing Rises By More Than Expected In …

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Jan 22, 2025 · This meant the government borrowed £7.3 billion more to fund day-to-day public sector activities than in December 2023. For the year that ended December, UK government …

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

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Jan 22, 2025 · “While the public sector net borrowing figure was much higher than the £14.1 billion consensus estimate, the UK 10-year gilt yield was unchanged at 4.594 per cent which …

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UK Borrowing Jumps In December As Debt Interest Climbs

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Jan 22, 2025 · The data showed public sector net borrowing was $22 billion in December, more than $12 billion higher than a year earlier. It was also higher than analysts had projected. …

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UK Borrowing Jumps In December As Debt Interest Climbs - MSN

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Public sector net borrowing was 17.8 billion pounds ($21.93 billion) in December, more than 10 billion pounds higher than a year earlier, the Office for National Statistics said on Wednesday.

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UK Public Sector Borrowing Rises By More Than Expected In …

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Jan 22, 2025 · This meant the government borrowed £7.3 billion more to fund day-to-day public sector activities than in December 2023. For the year that ended December, UK government …

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Money Blog: Barclays Sends WFH Memo To 85,000 Staff - Sky News

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17 hours ago · The average house price is now £267,700 - £5,200 more than in 2024. Zoopla found that prices were rising most quickly in affordable areas with above-average growth in jobs.

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FAQs about UK borrows far more than expected in December - Financial Times Coupon?

Did government borrowing rise more than expected in December?

[Getty Images] 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. ...

How much did the government borrow in December?

According to the Office for National Statistics (ONS), the government borrowed £17.8 billion in December, up from £11.8 billion in the previous month and the highest for the month in four years. Elevated government spending led to the higher-than-expected borrowing. ...

Why did public sector borrowing rise in December?

The rise was largely due to tax revenues on employment, reflecting continued strength in the labour market. Public sector borrowing in the financial year to December was £128.1bn, £5.1bn more than that borrowed in the same period last year. ...

Why did the UK government borrow more than expected in December?

For more information about how we use your data, please refer to our privacy and cookie policies. The UK government borrowed more than expected in December, underlining the challenge facing chancellor Rachel Reeves as she tries to restore confidence in her fiscal plans and kick-start growth. ...

Did UK government borrowing hit a four-year high in December?

Surprise as UK December borrowing hits four-year high Michael Race - Business reporter, BBC News Wed, Jan 22, 2025, 2:52 AM2 min read [Getty Images] Government borrowing rose more than expected in December, hitting its highest level for the month for four years, official figures show. ...

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". ...