The UK government borrowing exceeded expectations and also hit the second highest level on record for the month of October, but the borrowing so far this financial year was less than the official projection, giving room for maneuver in the autumn statement.
Public sector net borrowing excluding banks increased by GBP 4.4 billion to GBP 14.9 billion in October, the Office for National Statistics reported Tuesday. This was the second biggest October borrowing since monthly records began in 1993.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.