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News 2026-09-22 06:12 UTC

UK Government Borrowing Rose in August as Budget Looms

By Paul HannonThe U.K. government borrowed more in August than a year earlier, a setback for its plans to reduce its deficit as it prepares to outline a new budget next month.The Office for National Statistics Tuesday said government spending exceeded its revenues by 18.3 billion pounds ($24.46 bil…