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UK Borrowing Hits £18.3 Billion in August, Overshooting Budget Forecast

UK public-sector borrowing reached £18.3 billion in August and fiscal-year borrowing rose to £77.3 billion, above the OBR forecast.

UK public-sector borrowing reached £18.3 billion in August 2026, £2.9 billion more than a year earlier and £3.5 billion above the Office for Budget Responsibility forecast, according to the Office for National Statistics. Borrowing in the financial year to August totalled £77.3 billion, £8.1 billion above the OBR forecast despite being £2.2 billion lower than the same period last year. The figures add pressure to Britain's fiscal PositionDefinition A position is the market exposure created after a trade has been executed. It can be long, short, partially hedged, or combined with other trades, and it remains o...Read More ahead of the government's next budget.

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