Government borrowing rose by a fifth to £18bn in August, a higher-than-expected increase that adds pressure on the government ahead of the Budget.
The figure shows that the government borrowed significantly more during the month than anticipated. The rise comes as inflation continues to place pressure on the government’s finances.
Higher borrowing will be an important consideration as the government prepares for the Budget. The increase in August highlights the financial pressures facing the government before its plans are set out.
No further details on the specific factors behind the rise or the government’s response were provided in the supplied material. The latest known position is that borrowing stood at £18bn for August and was higher than expected.
