UK borrows less than expected this year as Hunt lines up giveaways

6 months ago 48

Chancellor says bringing down inflation remains one of his main aims as he prepares autumn statement

The government borrowed less than expected in the first seven months of the financial year as Jeremy Hunt puts the last minute touches to a series of pre-election giveaways in his autumn statement on Wednesday.

Public sector borrowing between April and October was just above £98bn, according to the Office for National Statistics (ONS), and while this was £22bn higher than in the same period last year, it was almost £17bn less than the Office for Budget Responsibility (OBR) forecast in March.

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