What do UK borrowing figures mean for Reeves' Autumn Budget?

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Hello Mauricio, can you tell us about
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what is happening with government
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borrowing today?
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Yeah, so the Office for National
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Statistics said today that July
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borrowing figures was about1 billion,
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but in the four months since April was60
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billion cumulatively.
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And how does this compare to other
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recent years?
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Well, for July it was the lowest in 3
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years, but if you look at that 4 month
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period, it's the third highest borrowing
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level on record.
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That's pretty bleak in the long term and
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what it's going to mean for the budget.
0:32
Well, borrowing levels are high and it
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what actually depends it all depends on
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is on what the office for budget
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responsibility or the fiscal watchdog
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tells Rachel Reeves of the autumn budget
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and it might revise down growth forecast
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might say borrowing costs are higher
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which is the debt interest paid to
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lenders. Um, and that could blow a hole
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in the public purse. And most analysts
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think that around 20 to30 billion in
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taxes will have to be raised to plug
1:01
that fiscal hole.

What do UK borrowing figures mean for Reeves' Autumn Budget?

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What do UK borrowing figures mean for Reeves' Autumn Budget?

City AM