Government borrowing highest since 2009

gosborne

Figures released today by the ONS have shown that Government borrowing is the highest in six years. The Government borrowed £8.2 billion in October 2015 which was an increase of £1.1 billion over the last 12 months.

The figures are seen as disappointing for George Osborne, the Chancellor of the Exchequer, as it will make hitting the Government’s borrowing targets more difficult. A spokesman for the Chancellor said:

“As today’s public sector finance figures show the job is not yet done and government borrowing remains too high”.