The British government's borrowing in the first seven months of the year was lower than expected, according to official data. Public sector net borrowing reached 98.3 billion pounds, which was less than the forecasted £115.2 billion. However, borrowing in October was 14.9 billion pounds, the second-highest for the month since records began. The Chancellor of the Exchequer's budget update, due on Wednesday, could determine the government's chances of re-election. Public sector net debt also increased to 2.64 trillion pounds, or 97.8% of the UK's annual GDP.
The British government's borrowing in the first seven months of the year was lower than expected, according to official data. Public sector net borrowing reached 98.3 billion pounds, which was less than the forecasted £115.2 billion. However, borrowing in October was 14.9 billion pounds, the second-highest for the month since records began. The Chancellor of the Exchequer's budget update, due on Wednesday, could determine the government's chances of re-election. Public sector net debt also increased to 2.64 trillion pounds, or 97.8% of the UK's annual GDP.
The British government's borrowing in the first seven months of the year was lower than expected, according to official data. Public sector net borrowing reached 98.3 billion pounds, which was less than the forecasted £115.2 billion. However, borrowing in October was 14.9 billion pounds, the second-highest for the month since records began. The Chancellor of the Exchequer's budget update, due on Wednesday, could determine the government's chances of re-election. Public sector net debt also increased to 2.64 trillion pounds, or 97.8% of the UK's annual GDP. 
