Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest and a one-off purchase of military ...

The Office for National Statistics said public sector net borrowing stood at £17.8 billion last month, up £10.1 billion on a ...

The budget deficit surged in the final month of 2024, underlining the challenge facing the government in meeting its fiscal ...

Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.

The Office for National Statistics said public sector net borrowing stood at £17.8 billion last month, up £10.1 billion on a ...

The official figures are released as the chancellor's stewardship of the public finances remains under intense scrutiny at a ...

The Office for National StatisticsThe attributed this increase largely to skyrocketing debt interest payments, which have ...

Government borrowing overshot expectations last month, new figures show, as ministers promised to take a hard line on ...

Government borrowing rose by more than expected to £17.8 billion last month, the highest December figure for four years, according to official data. The Office for National Statistics (ONS) said ...

Yields on U.K. government bonds--which are known as gilts--surged in early January, and although they have since fallen back somewhat, they remain above the levels assumed by the OBR when it was ...

Treasury borrowing has already shot past official forecasts made in the Budget in a blow to Rachel Reeves’s plans to ramp up ...

Debt costs pushed up UK government borrowing more than forecast last month, highlighting the fiscal challenges facing ...