Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Budget tax rises 'inevitable' as borrowing at 5-year high
Hull Daily Mail
|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.
Denne historien er fra September 20, 2025-utgaven av Hull Daily Mail.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Hull Daily Mail
Hull Daily Mail
87-year-old woman knocked to the ground and robbed in horrific incident
HER ATTACKER, KURT TAYLOR, HAS BEEN JAILED FOR MORE THAN FIVE YEARS
2 mins
September 20, 2025
Hull Daily Mail
I'm excited with what I've seen this year - Cartwright
John Cartwright has stated he was always confident of his Hull FC side 'playing finals footy.' However, the head coach conceded that injuries ultimately got the better of them.
3 mins
September 20, 2025
Hull Daily Mail
M16 chief says Putin 'is stringing us along'
BRITISH spy chief Sir Richard Moore has warned there is “absolutely no evidence” Vladimir Putin wants to negotiate a peace deal in Ukraine.
1 mins
September 20, 2025
Hull Daily Mail
Save the laughs, DANCE!
COMEDIAN CHRIS McCAUSLAND IS THE CURRENT STRICTLY COME DANCING CHAMP. MARION MCMULLEN LOOKS AT OTHER COMEDY STARS WITH RHYTHM NOW THE TV DANCE CONTEST IS BACK
1 mins
September 20, 2025
Hull Daily Mail
Tearful Amy wins 200m silver in Tokyo
AMY Hunt burst into tears immediately after blazing to a brilliant silver medal in the 200m final at the World Athletics Championships.
1 mins
September 20, 2025
Hull Daily Mail
McLaren pair both hit wall
FORMULA ONE Title rivals Lando Norris and Oscar Piastri both hit the wall in second practice for the Azerbaijan Grand Prix as Lewis Hamilton led an impressive Ferrari one-two.
1 min
September 20, 2025
Hull Daily Mail
Budget tax rises 'inevitable' as borrowing at 5-year high
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”.
2 mins
September 20, 2025
Hull Daily Mail
How to spot subtle signs of bullying
MAKE SURE YOUR CHILD DOESN'T SUFFER IN SILENCE. BY CAMILLA FOSTER
2 mins
September 20, 2025
Hull Daily Mail
A bit like the menopause, everybody's experience of birth is different...
TV PRESENTER AND FITNESS QUEEN DAVINA MCCALL TALKS ABOUT THE HIGHS AND LOWS OF PARENTING, AND WHAT INSPIRED HER TO WRITE HER NEW BOOK BIRTHING. BY CAMILLA FOSTER
3 mins
September 20, 2025
Hull Daily Mail
IT'S A LOVE LETTER TO TEACHERS
STARS CILLIAN MURPHY AND JAY LYCURGO SPEAK WITH LYNN RUSK ABOUT THE IMPORTANCE OF SHOWING LOVE TO TROUBLED YOUTHS IN NEW REFORM SCHOOL DRAMA, STEVE
4 mins
September 20, 2025
Listen
Translate
Change font size