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Record in public sector borrowing | Record in public sector borrowing |
(10 minutes later) | |
The UK's public sector net borrowing totalled £14.8bn last month, official figures have shown. | The UK's public sector net borrowing totalled £14.8bn last month, official figures have shown. |
The figure from the Office for National Statistics (ONS) was slightly lower than economists had expected but was still a record for September. | The figure from the Office for National Statistics (ONS) was slightly lower than economists had expected but was still a record for September. |
The rise takes net borrowing to £76.2bn for the six months of the financial year so far. The government expects borrowing to total £175bn in 2009. | The rise takes net borrowing to £76.2bn for the six months of the financial year so far. The government expects borrowing to total £175bn in 2009. |
The government's overall debt now stands at £824.8bn, or 59% of GDP. | The government's overall debt now stands at £824.8bn, or 59% of GDP. |
That includes about £142bn as a result of banking bail-outs. | That includes about £142bn as a result of banking bail-outs. |
Economists had expected borrowing to come in at £15.3bn in September. | Economists had expected borrowing to come in at £15.3bn in September. |
The net borrowing figure for the six months was the worst figure for the April-to-September period on record. | The net borrowing figure for the six months was the worst figure for the April-to-September period on record. |
The figures may raise speculation that the government's forecast for annual borrowing could be revised upward in the pre-Budget report, which is expected in November. | The figures may raise speculation that the government's forecast for annual borrowing could be revised upward in the pre-Budget report, which is expected in November. |