Live Support

In-depth Discussions

Government borrowing jumps to £6.8bn in August

Government borrowing rose by more than expected last month following subdued tax receipts and an increase in expenditure.

Borrowing jumped to £6.75bn last month from £4.35bn a year earlier, the Office for National Statistics said.

It was the first year-on-year rise in borrowing in August for three years.

However, borrowing for the year to date is 30.5% lower at £17.8bn, potentially giving Chancellor Philip Hammond room for manoeuvre in the Budget.

Economists had expected borrowing to be about £3.4bn last month.


BBC News

You need to be a member of People's Forum to add comments!

Join People's Forum

Email me when people reply –

Discussion Area

This area is for people to post and view discussions. You can use the the tabs at the top of the page to filter the discussion to the topics you want.

If you would like to start a discussion please click Add Discussion