Government borrowing rose to £17.4bn last month – the second highest October figure since monthly records began, official figures show. Economists had predicted £13.3bn of borrowing. The Office for National Statistics (ONS) said public sector net borrowing was £1.6bn higher than the same month last year. Figures also showed that central government debt interest rose…
The death toll from severe flooding in central and eastern Europe continued to rise on Monday, with more heavy rains on the way. More than a dozen casualties have now been confirmed across Austria, Poland, the Czech Republic and Romania due to the floods that began inundating the region over the weekend, with the toll…
Chancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing. Speaking to Sky News after official figures showed the economy flatlined in July with GDP growth of 0.0%, she refused to rule out increasing business and wealth taxes, or further cuts to…
