UK government borrowing soars in September is highest in five years

Contributing sentiments towards policy:

58% : The Office for National Statistics (ONS) said government borrowing over the month was the highest in the month seen for five years and an increase of £1.6bn compared to the previous month.
58% : Over the first six months of the current financial year, government borrowing was the second-highest ever recorded at £99.8bn.
55% : The OBR said in March that it expected borrowing costs to government lenders to exceed £110bn this year, with any efforts of keeping the bond markets at bay likely prevent further tax hikes or spending cuts at future Budgets.
46% : It also said debt interest payments over last month was £9.7bn while debt as a share of GDP stood at 95.3 per cent a percentage point higher than levels a year ago.
35% : Fresh data adds to woes in public finances as Labour ministers struggle to restrict government borrowing to cover expenditure on services such as the NHS and security.

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