Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Chancellor's £2bn Budget boost as VAT error sees borrowing revised
Daily Post
|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 £81.8billion, 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 Daily Post.
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 Daily Post
Daily Post
End of road for truckers
READERS REACT AS STORE BANS HGVS FROM CAR PARK
2 mins
November 21, 2025
Daily Post
Wales handed big advantage in the play-offs
WALES will face Bosnia and Herzegovina in the semifinals of the World Cup qualifying playoffs in March, and could face four-time winners Italy in the final.
2 mins
November 21, 2025
Daily Post
Criticism for Drakeford in latest Covid inquiry report
MARK Drakeford has been criticised in a major report about the way the UK's governments responded to Covid-19.
2 mins
November 21, 2025
Daily Post
No need to splash out on energy costs
PROFESSIONAL HOME ORGANISER DILLY CARTER SHARES HER TOP TIPS FOR GETTING YOUR BATHROOM READY FOR WINTER
2 mins
November 21, 2025
Daily Post
New railway timetable will see services double on one route
ADDITIONAL rail services will be in place as timetables change next month.
2 mins
November 21, 2025
Daily Post
Fear trans guidance will lead to 'discrimination on looks'
CAMPAIGNERS have raised fears that new transgender guidance could be a \"licence to discriminate based on looks\" as the Government vowed not to rush its publication.
2 mins
November 21, 2025
Daily Post
Twenty hours of A55 chaos, with multiple crashes, plus carriageways forced to close
ANGLESEY saw 20 hours of A55 chaos, amid multiple crashes and lane closures, as treacherous conditions gripped the road.
1 mins
November 21, 2025
Daily Post
Multimillion-pound healthcare centre secures hundreds of jobs
A NEW facility has opened after a multimillion-pound investment that has secured and created 500 jobs.
2 mins
November 21, 2025
Daily Post
Bellamy's men to face Bosnia
WALES will face Bosnia and Herzegovina in the World Cup qualifying playoff semifinals in March.
1 min
November 21, 2025
Daily Post
Tandy names his Wales starting XV to face the All Blacks... and his biggest call has to add a spark to the Wales team
STEVE TANDY has made five changes to his starting XV in the full knowledge Wales will need to improve significantly to avoid an embarrassing Saturday afternoon against New Zealand.
4 mins
November 21, 2025
Listen
Translate
Change font size