The UK budget deficit widened in October as the government started paying under the energy support scheme, official data showed on Tuesday.
Public sector net borrowing, excluding banks, increased by GBP 4.4 billion from the last year to GBP 13.5 billion in October, the Office for National Statistics reported.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.