UK government borrowing jumps over forecast to £18.3bn in August as ‘fiscal straightjacket’ tightens – business live
The United Kingdom's public finances showed a larger-than-expected deficit in August, with net borrowing reaching £18.3 billion, surpassing the Treasury's forecast. The rise reflects tighter fiscal conditions as the government continues to manage spending under a constrained budget framework. Analysts note the increase adds pressure on the country's fiscal outlook and may influence future policy decisions.