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
Hull Daily 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 Hull Daily 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 Hull Daily Mail
Hull Daily Mail
City play with character and courage, says QPR's Stephan
QPR head coach Julien Stéphan has delivered a glowing scouting report of today's opponents, Hull City, as he looks to mastermind just a third Loftus Road victory of the season and halt the Tigers' momentum.
1 mins
November 22, 2025
Hull Daily Mail
Will Jakirovic ‘stick or twist' with his Tigers squad for QPR test?
HULL City are back in action at QPR today as the final international break until late March comes and goes, and attention returns to domestic matters.
1 mins
November 22, 2025
Hull Daily Mail
PERFECT STRANGERS
As Stranger Things returns for a final time, the cast and its creators the Duffer Brothers discuss what ending its 10-year run means to them.
4 mins
November 22, 2025
Hull Daily Mail
It's so different from anything I've done before
AS HE TAKES THE ROLE OF A SINISTER MALE NANNY IN MALICE, JACK WHITEHALL JOINS CO-STAR DAVID DUCHOVNY TO DISCUSS THE NEW PSYCHOLOGICAL THRILLER. BY LYNN RUSK
4 mins
November 22, 2025
Hull Daily Mail
Daly confident he can fend off the threat of England's rising stars
ELLIOT Daly is backing himself to thrive in the face of competition for England's wing positions as he closes in on his comeback from injury.
1 mins
November 22, 2025
Hull Daily Mail
Tech firm Vuba expands with move to Hull's @TheDock hub
FINAL BUILDING NOW OCCUPIED
3 mins
November 22, 2025
Hull Daily Mail
Coyle and Hudgell receive Freedom of the City of Hull
TOMMY Coyle and Neil Hudgell have been awarded the Freedom of the City of Hull.
2 mins
November 22, 2025
Hull Daily Mail
Most drivers don't know what it's like to be different
QUEEN OF FORMULA ONE SUSIE WOLFF TELLS HANNAH STEPHENSON ABOUT FIGHTING SEXISM IN THE WORKPLACE
4 mins
November 22, 2025
Hull Daily Mail
Manhole halts session in F1 practice
LANDO Norris led the way in Las Vegas in a second practice session suspended for 19 minutes due to a loose manhole cover.
1 min
November 22, 2025
Hull Daily Mail
It's nice to have a good buzz around the place
Regan Slater is on the cusp of a landmark occasion in his Hull City career, and it's a credit to his professionalism and dedication that he's once again become an influential part of Sergej Jakirovic's starting XI. If, as expected, Slater starts at QPR today, he will become the latest player to join City's illustrious list of players to have played 200 games in the Black and Amber.
2 mins
November 22, 2025
Listen
Translate
Change font size