UK government borrowing rises to £24.5bn as John Healey prepares for budget
The UK Treasury said September borrowing rose to £24.5 billion, while interest on the national debt hit £10.9 billion, the highest September amount on record. The increase signals a widening fiscal deficit as spending exceeds revenue. Chancellor John Healey is preparing the upcoming budget, which is expected to detail debt‑management and growth‑support measures for the economy in the coming year.