The UK budget deficit reached its second highest September level since the monthly records began in 1993, the Office for National Statistics said Friday.
Excluding public sector banks, public sector net borrowing was GBP 20.0 billion in September, which was GBP 2.2 billion more than in September 2021. The expected deficit was GBP 17.1 billion.
The current borrowing was GBP 5.2 billion more than the GBP 14.8 billion that the Office for Budget Responsibility had forecast.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.