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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

UK borrows less than expected this year as Hunt lines up giveaways

Jeremy Hunt
Jeremy Hunt is due to deliver the autumn statement on Wednesday. Photograph: Thomas Krych/ZUMA Press Wire/Shutterstock

The UK government borrowed less than expected in the first seven months of the financial year as Jeremy Hunt puts the last-minute touches to a series of potential pre-election giveaways in his autumn statement on Wednesday.

Public sector borrowing between April and October was just above £98bn, according to the Office for National Statistics (ONS), and while this was £22bn higher than in the same period last year, it was almost £17bn less than the Office for Budget Responsibility (OBR) forecast in March.

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