UK borrowing rises to worse-than-expected £18bn in August
NegativeWorld Affairs

The UK government has reported a surprising rise in borrowing, reaching £18 billion in August, which is worse than anticipated. This increase adds significant pressure on the Treasury as it prepares for the upcoming autumn budget, likely necessitating tax hikes to address the growing deficit. This situation is concerning as it reflects broader economic challenges and could impact consumer confidence and spending in the future.
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