UK borrowing jumps unexpectedly, piling pressure on Rachel Reeves
Increase to £17.8bn is well above City forecasts and is highest December figure for four years
UK government borrowing jumped unexpectedly to £17.8bn last month, piling pressure on Rachel Reeves to plan budget cuts before a spending review in the summer.
The figure was about a quarter higher than the City had forecast and was up by £10.1bn more than in the same month a year earlier, making it the highest December borrowing for four years.
Continue reading...
Read more at The Guardian
Topics
-
Blow to Reeves as UK borrowing unexpectedly jumps
Borrowing - the difference between spending and tax revenue - was £17.8bn last month, putting more pressure on the chancellor.BBC News - 1h -
Reeves says she won't let critics get her down after UK borrowing costs rise
The chancellor tells the BBC she has got "what it takes" following a bumpy week for the UK economy.BBC News - 5d -
Going for growth: Rachel Reeves v the markets
What could the chancellor do to grow the economy?BBC News - 6d -
UK inflation unexpectedly cools to 2.5%, core price print slows further
U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics.CNBC - Jan. 15 -
Starmer has ‘full confidence’ in Reeves despite pressure on UK chancellor
Prime minister says she is doing a ‘fantastic job’ but declines to promise she will be in post at the next electionFinancial Times - Jan. 13 -
Pound falls to 14-month low as bond sell-off piles pressure on Rachel Reeves
UK borrowing costs rise again, with analyst warning ‘things are also getting rather ugly’. Business live – latest updates The pound has fallen to a 14-month low against the US dollar as the ...The Guardian - Jan. 9 -
Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible
Seeking business partners post-Brexit is sound policy, but even in these darker geopolitical times the UK will ultimately side with the US. Rachel Reeves will fly with a delegation of City grandees ...The Guardian - Jan. 9 -
Has the bond market turned against Rachel Reeves?
Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as MarchFinancial Times - Jan. 8 -
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
The Chancellor may face the prospect of breaking her own Budget rulesBBC News - Jan. 7
More from The Guardian
-
Bishop calls on Trump to ‘have mercy’ on migrants and LGBTQ+ people
Right Rev Mariann Budde’s appeal amounts to bold public criticism and prompts frosty response from US president. The Episcopal bishop of Washington has appealed directly to Donald Trump to “have ...The Guardian - 3h -
Middle East crisis live: Israel presses on with Jenin raid as Jordanian minister warns West Bank could ‘explode’
Further shooting and explosions reported after 10 killed yesterday as Ayman Safadi tells Davos meeting of fears for territory. Here are some of the latest images coming in via the newswires:. ...The Guardian - 20m -
Zelenskyy says Russia-Ukraine peace deal would require 200,000 allied troops
Ukrainian president tells Davos that Europe must establish itself as an ‘indispensable’ player on the global stage. Volodymyr Zelenskyy has said that “at least 200,000” allied troops would be ...The Guardian - 16h -
Men have grown twice as much as women over past century, study shows
Data from dozens of countries reveals height and weight differences between sexes have increased since 1900. Amid the profound changes humanity has witnessed, one might be forgiven for failing to ...The Guardian - 11h -
Tusk tells Europeans ‘keep your heads high’ but warns ‘time of comfort is over’ – Europe live
Leader of Poland, which holds the EU presidency, tells parliament that conflict and uncontrolled technological progress is creating challenges for bloc. In a passage directly responding to Donald ...The Guardian - 21m
More in World
-
Middle East latest: Israel says it will maintain control of Gaza-Egypt crossing
Yahoo News - 9m -
Australian Open quarter-final: Jannik Sinner v Alex de Minaur – live
World No 1 takes on home hopeful in Melbourne Shelton beats Sonego | Swiatek marches past Keys Email Daniel with your thoughts Wild celebrations from Shelton, as you might expect, and ...The Guardian - 17m -
Prince Harry settles legal claim against Sun publisher
NGN apologises to royal ‘for phone hacking, surveillance and misuse of private information by journalists and private investigators’. The Duke of Sussex has settled his high court legal action at ...The Guardian - 18m -
Middle East crisis live: Israel presses on with Jenin raid as Jordanian minister warns West Bank could ‘explode’
Further shooting and explosions reported after 10 killed yesterday as Ayman Safadi tells Davos meeting of fears for territory. Here are some of the latest images coming in via the newswires:. ...The Guardian - 20m -
Tusk tells Europeans ‘keep your heads high’ but warns ‘time of comfort is over’ – Europe live
Leader of Poland, which holds the EU presidency, tells parliament that conflict and uncontrolled technological progress is creating challenges for bloc. In a passage directly responding to Donald ...The Guardian - 21m
