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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

UK government borrowing rises to £24.5bn as John Healey prepares for budget

John Healey, UK chancellor of the ex-chequer.
John Healey will announce his budget on 28 October. Photograph: Kirsty O’Connor/Treasury

The Treasury ran a higher than expected budget deficit of £24.5bn last month as rising inflation pushed up the interest paid on government debt, increasing pressure on John Healey before his budget next week.

Official figures show the government paid £10.9bn in debt interest: the highest September figure since records began, and only the eighth time the monthly number has been above £10bn.

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