EconomyPolitics

UK government borrowing rises to £24.5bn as John Healey prepares for budget

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 21/10/2026, 07:35:24 UTC.

Briefings

The UK government's borrowing rose to £24.5bn last month due to high inflation-driven interest payments. September interest costs reached £10.9bn, the highest since records began, marking the eighth consecutive month exceeding £10bn. This pressure comes as John Healey prepares for the upcoming budget.

Key points

• September government debt interest payments reached £10.9bn, the highest figure since records began.
• The Treasury recorded a £24.5bn budget deficit last month driven by rising inflation.

Context

The Treasury's budget deficit of £24.5bn last month was driven by rising inflation pushing up interest costs. John Healey faces increased pressure before his budget next week.

Limitations

Evidence covers only September 2026; full historical context and prior deficit figures are unavailable. No specific inflation rate data or budget details beyond the deficit amount are provided.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 21/10/2026, 07:40:52 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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