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Government borrowing in Aug. highest since Covid

Hosted on MSN · 13h

British government borrowing reaches record $18.2B for August

British government borrowing jumped by almost a third to $18.2 billion last month compared with August 2023, taking borrowing to the highest level since treasury finances were hammered by COVID-19 in 2020-2021.

Government borrowing in August highest since Covid

Government borrowing in August rose to the highest level for the month since the Covid pandemic in 2021. Official figures show that borrowing - the difference between spending and tax revenue - reached £13.7bn last month, £3.3bn more than in August last year.

BBC on MSN · 20h

Government borrowing rises to £13.7bn in August

Official figures show that borrowing - the difference between spending and tax revenue - reached to £13.7bn last month. The Office for National Statistics (ONS) said that tax inc

England, rates

Associated Press · 1d

Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut

On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.

Instant view: Bank of England leaves rates at 5%

The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($132.86 billion) over the coming 12 months, weighing on the government's

Yahoo Finance · 3d

Bank of England bond sales could cost government almost £100bn by 2028

The current pace of government bond sales by the Bank of England could cost the Treasury up to £96bn over the next four years, a new study has found. As the market looks to Threadneedle Street's policy announcement on Thursday, the pace of "quantitative tightening" (QT) will be in focus for government officials and taxpayers alike.

4d

Junior doctors in England vote to accept government pay offer after long dispute

Junior doctors in England accepted a pay deal on Monday made by the government, a breakthrough that follows a series of ...

‘Safe Zones’ at abortion clinics in England called ‘unnecessary’ by Catholic bishops

A new law in Great Britain will enact “safe access zones” outside abortion facilities in England and Wales on Oct. 31, a move ...

4d

England’s Junior Doctors Vote for Pay Deal to End Strikes

Junior doctors in England voted to accept a pay rise of 22.3% on average in a deal that Prime Minister Keir Starmer’s ...

4d

UK government responds as England could be banned from next Euros despite it being in country

Euro 2028 will be hosted in the UK and Ireland - but England might not be there to play in it. This comes after the governing ...

3don MSN

England’s Euro 2028 ban threat – Sir Keir Starmer ready to battle Uefa

Sir Keir Starmer has dismissed a Uefa warning that England could be thrown out of their own European Championship over the ...

Junior Doctors in England Accept Government Pay Deal After Historic Strikes

Junior doctors in England have accepted a government pay deal following a historic series of strikes. The agreement includes ...

4don MSN

Junior doctors in England vote to accept government pay offer

Junior doctors in England have accepted a pay offer made by the government, the British Medical Association said on Monday.

20hon MSN

10 busiest trains in England and Wales revealed – and all but one are London commuter services

England and Wales revealed – and all but one are London commuter services - Bedford via Luton to London St Pancras, Gatwick ...

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