Country: GB | Published: 2026-09-22
UK public borrowing hit its highest non-pandemic August level, overshooting official forecasts and darkening the fiscal backdrop ahead of the Budget. That borrowing pressure keeps
UK public borrowing hit its highest non-pandemic August level, overshooting official forecasts and darkening the fiscal backdrop ahead of the Budget. That borrowing pressure keeps bond market scrutiny on fiscal credibility, compounding the cautious mood as consumer confidence sits at a three-year low on rate and jobs worries. The pound's slide below the 1.34 mark reflects US rate expectations dominating currency moves more than domestic headlines.