Official data from the Office for National Statistics (ONS) showed the state needed to borrow £14.9 billion last month to keep the wheels of Government turning. City analysts had only been expecting a total of around £12 billion.
That was up £4.4 billion on 2022 and only exceeded by the first Covid year of 2020. The figure was boosted by a £7.5 billion government debt interest bill, a record for October.
Nonetheless the £98.3 billion total borrowed so far this financial year is still well below the £115.2 billion forecast by the Office for Budget Responsibility (OBR) in March.
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Denne historien er fra November 21, 2023-utgaven av Evening Standard.
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