Financial News: UK Budget Deficit Exceeds Estimate

UK Budget Deficit Exceeds Estimate

11/21/2025 - 06:43:00 (RTTNews)

(RTTNews) - The UK budget deficit exceeded the official estimate in October and also hit the second-highest in any October since 2020, the Office for National Statistics said Friday.

Public sector net borrowing totaled GBP 17.4 billion in October. Although this was down from GBP 19.3 billion shortfall registered in October 2024, it was more than the GBP 14.4 billion forecast in March by the Office for Budget Responsibility.

Central government's current receipts rose 7.3 percent from the last year to GBP 86.4 billion. At the same time, current expenditure climbed 4.2 percent to GBP 92.6 billion.

In the financial year to October, borrowing was GBP 9.0 billion more than in the same period last year. This was the second-highest FY to October borrowing since monthly records began in 1993.

Data came a week before the autumn budget announcement. Chancellor Rachel Reeves is set to raise taxes in her second budget on November 26.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

UK Budget Deficit Exceeds Estimate (09 min(s), 13 sec(s) ago)
(RTTNews) - The UK budget deficit exceeded the official estimate in October and also hit the secon ...Full Story»

Ireland Wholesale Prices Fall 3.5% In October (32 min(s), 13 sec(s) ago)
(RTTNews) - Ireland's wholesale prices decreased for the ninth straight month in October, data ...Full Story»

French Manufacturing Confidence Falls In November (58 min(s), 13 sec(s) ago)
(RTTNews) - French manufacturing confidence weakened in November after strengthening in the previo ...Full Story»

German Private Sector Growth Moderates (02 hr(s), 35 min(s), 13 sec(s) ago)
(RTTNews) - Germany's private sector growth softened in November with slower increases in both ...Full Story»

Denmark Business Confidence Weakens In November (02 hr(s), 39 min(s), 13 sec(s) ago)
(RTTNews) - Denmark's business confidence decreased for the second straight month in Novembe ...Full Story»

French Private Sector Activity Broadly Stabilizes (02 hr(s), 47 min(s), 13 sec(s) ago)
(RTTNews) - France's private sector economy broadly stabilized in November driven by a fresh r ...Full Story»

Malaysia Inflation Eases To 1.3% (03 hr(s), 28 min(s), 13 sec(s) ago)
(RTTNews) - Malaysia's consumer price inflation eased slightly in October after rising to the ...Full Story»

UK Retail Sales Fall For First Time In 5 Months; Consumer Sentiment Weakens (04 hr(s), 01 min(s), 13 sec(s) ago)
(RTTNews) - UK retail sales declined for the first time in five months in October as consumers del ...Full Story»