UK government borrowing higher as energy bill support help begins

Government borrowing roseate successful October from a twelvemonth agone arsenic the UK started paying for vigor enactment schemes for households and businesses.

Borrowing - the quality betwixt authorities spending and taxation income - was £13.4bn past month, the Office for National Statistics (ONS) said.

The fig was £4.4bn higher than past twelvemonth and was the 4th highest fig for October connected record.

However, October's fig was beneath the £21bn predicted by analysts.

Chancellor Jeremy Hunt said radical needed enactment done the aftershocks of Russia's penetration of Ukraine.

However, helium said the nationalist finances needed to beryllium enactment "back connected a much sustainable path" truthful Britain could "tackle ostentation and guarantee the economical stableness needed for semipermanent growth".