Politics
Ballooning Borrowing: Ed Conway Analyzes Surging Public Debt and Its Implications for the UK’s October Budget
'Expect challenges ahead': Ed Conway discusses public financial outlook
Wednesday 21 August 2024 17:05, UK
According to recent figures, the government's borrowing in July exceeded forecasts, reaching its peak since the pandemic began.
The Office for Budget Responsibility (OBR) had projected that borrowing would amount to £46.6 billion, but it ultimately climbed to £51.3 billion.
Economics and data editor Ed Conway sits down with Niall Paterson to discuss the surprising increase in government debt and the choices available to Chancellor Rachel Reeves for the upcoming October budget.
Additionally, lead political reporter Jon Craig examines the duration for which Labour can continue attributing issues to their predecessors.
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