Try GOLD - Free
Chancellor's £2bn Budget boost as VAT error sees borrowing revised
Birmingham Mail
|October 09, 2025
CHANCELLOR Rachel Reeves has been given an extra £2billion wriggle room in her upcoming Budget after it was revealed that official Government borrowing figures have been overstated due to inaccurate data on VAT receipts.
-
The Office for National Statistics (ONS) admitted that borrowing for the current financial year to August was £81.8 billion, down from the £83.8billion previously reported.
It said the change was made after it was alerted to the errors in VAT receipt figures supplied by HM Revenue & Customs (HMRC), which were used to calculate the Government borrowing statistics published on September 19.
This story is from the October 09, 2025 edition of Birmingham Mail.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Birmingham Mail
Birmingham Mail
Celebs back a worthy cause
CLARE Balding, Adam Hills, Hannah Fry and Vicky Pattison kick off an unmissable night of comedy, entertainment and fundraising for Stand Up To Cancer.
1 min
December 12, 2025
Birmingham Mail
Jones backs Addicks to arrest slump
NATHAN Jones believes Charlton can get a result against Blues tomorrow - even with the Addicks’ growing injury list.
1 min
December 12, 2025
Birmingham Mail
Edwards hails Silva return as 'big coup'
ROB Edwards believes new assistant head coach Rui Pedro Silva will be a “huge addition” at Wolves as the club attempts to stop the rot in the Premier League.
2 mins
December 12, 2025
Birmingham Mail
Car wash to demolish building put up without permission
A MIDLAND car wash will have to demolish a building which was put up without permission.
1 mins
December 12, 2025
Birmingham Mail
EASY FEAST
The trick to entertaining is choosing dishes that look impressive but require minimal faff.
1 min
December 12, 2025
Birmingham Mail
New waste recycling scheme introduced
DUDLEY council is planning on introducing a new waste and recycling service from April 6, which will see two new caddies for food waste.
1 min
December 12, 2025
Birmingham Mail
Bulgaria leaders quit after demos
GLOBAL BRIEFING
1 min
December 12, 2025
Birmingham Mail
I've set myself a very high bar
Comedian Jessica Fostekew chats to MARION MCMULLEN about Gladiators, podcasts and life as a soccer mum
4 mins
December 12, 2025
Birmingham Mail
Major change called for at key planning meetings
OPPOSITION councillors are calling for a major change at a key meeting which regularly decides which planning applications are successful in Solihull.
1 min
December 12, 2025
Birmingham Mail
BOOTCAMP LEG UP FOR ARTISTS
THE art world is notoriously hard to get into, particularly for regional, working-class artists. But a new, fully-funded bootcamp at Solihull College & University Centre has been changing that story for local creatives.
1 min
December 12, 2025
Listen
Translate
Change font size