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The Independent UK
The Independent UK
Anna Wise

Government borrowing surge piles pressure on Healey ahead of first Budget

John Healey Andy Burnham Thomas Pugh Office for National Statistics

UK Government borrowing climbed higher than anticipated in August, hitting its second-highest mark for the month on record and intensifying the strain on Chancellor John Healey weeks ahead of his maiden autumn Budget.

Official data from the Office for National Statistics (ONS) revealed that public sector net borrowing reached £18.3 billion last month, exceeding official forecasts by £3.5 billion.

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