Try GOLD - Free
Budget tax rises 'inevitable' as borrowing at 5-year high
Derby Telegraph
|September 20, 2025
CHANCELLOR Rachel Reeves has been dealt a further setback after official figures showed the highest August borrowing for five years, with warnings mounting that tax rises at the autumn Budget now look “inevitable”.
-
Latest figures from the Office for National Statistics (ONS) showed far higher-than-expected borrowing last month, at £18billion, £3.5bn more than in August 2024.
Soaring interest on Government debt - up £1.9billion to £8.4bn - added to higher spending on benefits and public services and offset any boost from the National Insurance Contributions (NICs) hike, according to the ONS.
It marked the highest August borrowing since 2020, significantly overshooting the £12.8bn expected by most economists and was £5.5bn higher than forecast by the UK’s independent fiscal watchdog, the Office for Budget Responsibility (OBR), in March.
This story is from the September 20, 2025 edition of Derby Telegraph.
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 Derby Telegraph
Derby Telegraph
Special books allow dementia patients to enjoy a good read and recall memories
FAMILY-RUN care provider Milford Care marked World Book Day 2026 by celebrating its dementia-friendly book clubs, which have delivered over 2,00 sessions to date and unveiling a brand-new collection of resident-inspired titles for the year ahead, including William Shakespeare and Laughter - The Best Therapy.
2 mins
March 07, 2026
Derby Telegraph
We'll bring very best, insists Itoje
RUGBY UNION Maro Itoje has reminded his England team of their responsibility to the jersey as he outlined the standards expected in today’s clash with Italy in Rome.
2 mins
March 07, 2026
Derby Telegraph
It's not about money, it's all about the experience say house sitting couple
ARETIRED police couple have spent the past nine years travelling the UK looking after other people's homes and pets, staying in everything from countryside cottages to multi-million-pound properties.
2 mins
March 07, 2026
Derby Telegraph
On Traitors I had lost a bit more control than I'd like
HARRIET set the “cat amongst the pigeons” in an explosive Traitors showdown that became one of the most watched TV moments of the year, before daring fellow contestants to vote her off Claudia Winkleman’s hit gameshow - which they duly did.
4 mins
March 07, 2026
Derby Telegraph
Lack of welfare checks on severely disabled woman, says coroner
NO INFORMATION SHARING AND FAMILY'S RELUCTANCE TO ENGAGE WITH SERVICES FLAGGED AFTER INQUEST INTO DEATH
2 mins
March 07, 2026
Derby Telegraph
HMO plans for former Scout HQ are refused
THE PROPOSAL WANTED TO TURN THE THREE-STOREY BUILDING INTO A 20-PERSON HOME
2 mins
March 07, 2026
Derby Telegraph
MISSING LINK
EVE MYLES AND DAVID MORRISSEY HEAD THE CAST OF GONE, A DARK NEW THRILLER ABOUT THE MYSTERIOUS DISAPPEARANCE OF A HEADTEACHER’S WIFE. BY LYNN RUSK
2 mins
March 07, 2026
Derby Telegraph
Treats galore as restaurant hosts families to mark the Lunar New Year
FAMILIES across Derby came together to celebrate the Lunar New Year at a city restaurant, with the local MP joining the evening's festivities.
1 mins
March 07, 2026
Derby Telegraph
Scots dream is alive says Sione
RUGBY UNION Sione Tuipulotu has challenged Scotland to take their Six Nations title bid to the final weekend by ensuring maximum discomfort for France at Murrayfield today.
1 min
March 07, 2026
Derby Telegraph
Batth return closer but setback for Thommo
DANNY COULD RETURN TO RAMS TRAINING NEXT WEEK
1 mins
March 07, 2026
Listen
Translate
Change font size