Govt borrowing for Sept highest since 1993 - papers

clock

Government borrowing hit a record high in September, with the biggest deficit for the month since records began in 1993.

ONS figures show £16.2bn was borrowed last month, casting doubts on the government's plans to reduce the deficit, the Guardian reports. Meanwhile, Total borrowing for the first six months of the financial year was £73.5bn, compared to £77.4bn at this stage last year. Read more here   Business outrage over '£1bn green tax' Businesses have expressed concerns this morning after details emerged of a "£1bn green tax" buried in yesterday's Spending Review. About 5,000 large and medium-sized firms with bills of more than £500,000 per year will be hit by the new tax,  the Telegr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read