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UK borrowing jumps to £18.3bn in August, squeezing Healey ahead of budget

Analysts say Healey faces a 'fiscal straightjacket' before the budget

1 Sep 22 2:15 AM · 2d ago · 2 articles · 1 source · development 1 of 2

Market and thinktank economists said the figures tighten the pressure on the government ahead of October's budget, citing rising gilt yields, inflation at 3.1%, and mounting debt-servicing costs.

Analysts say Healey faces a 'fiscal straightjacket' before the budget
Guardian

“The PM and chancellor will be feeling quite claustrophobic today as the walls close in around them. Borrowing costs keep climbing, while borrowing itself is outpacing the teeny rise in tax receipts.”

Chris Beauchamp, IG chief market analyst

John HealeyJohn Healey Chancellor of the ExchequerEmma ReynoldsEmma Reynolds Chief Secretary to the TreasuryAndy BurnhamAndy Burnham Prime MinisterChris Beauchamp Chief market analyst, IGNick Ridpath IFS research economist

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What was reported 1 claim about this development

  1. 2 outlets UK borrows £18bn in August, putting pressure on Healey before budget

    first by Guardian Business, 1d ago · also Guardian

All 2 developments of UK borrowing jumps to £18.3bn in August, squeezing Healey… →

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