Economics, Government borrowing, Business, UK news, Budget deficit, Rachel Reeves, Autumn budget 2024, Budget, Economic growth (GDP), Office for National Statistics, Politics Business | The Guardian
Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel ReevesUK consumer confidence falls sharplyBusiness live – latest updatesThe scale of the challenge facing Rachel Reeves ahead of the autumn budget has been laid bare by a rise in Britain’s national debt to the highest levels since the 1960s and a collapse in consumer confidence.Figures from the Office for National Statistics (ONS) showed the government’s outstanding debt pile reached 100% of gross domestic product in August, the highest level since 1961, as monthly borrowing rose by more than expected. Continue reading…
Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel Reeves
UK consumer confidence falls sharplyBusiness live – latest updates
The scale of the challenge facing Rachel Reeves ahead of the autumn budget has been laid bare by a rise in Britain’s national debt to the highest levels since the 1960s and a collapse in consumer confidence.
Figures from the Office for National Statistics (ONS) showed the government’s outstanding debt pile reached 100% of gross domestic product in August, the highest level since 1961, as monthly borrowing rose by more than expected.
