Author: Commuter Club

Rachel Reeves faces significant challenges in her upcoming October Budget as UK government borrowing figures exceeded predictions. The latest data revealed that the government borrowed £20.5bn last month, the highest September borrowing since monthly records began in 1993, and £4.7bn more than the Office for Budget Responsibility (OBR) forecasted in March. Public debt is now at its highest level since the 1960s, adding pressure on the government to manage its finances as spending continues to rise. Darren Jones, Chief Secretary to the Treasury, attributed the borrowing surge to what he called the “dire” economic situation inherited from the Conservative Party.…