Loading...
Market
Will UK public sector borrowing exceed £15 billion in September 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
UK Office for National Statistics (ONS) public sector borrowing report
Story
UK Public Sector Borrowing Hits £13.7 Billion in August, Rachel Reeves Under Pressure
Sep 20, 2024, 06:03 AM
The United Kingdom's public sector net borrowing for August 2024 was £13.7 billion, significantly higher than the expected £12.1 billion and the previous year's £3.1 billion. This marks the third highest August borrowing on record, following 2020 and 2021. The UK's public sector net debt, excluding Bank of England holdings, has reached £2.768 trillion. Public Finances (PSNCR) for August stood at £4.9 billion, while Central Government NCR was £11.0 billion. The higher-than-expected borrowing has put Chancellor Rachel Reeves under pressure to consider raising taxes in her upcoming budget next month.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Below 2% • 25%
2% to 3% • 25%
3% to 4% • 25%
Above 4% • 25%
Infrastructure • 25%
Healthcare • 25%
Education • 25%
Technology • 25%
Positive • 25%
Negative • 25%
Neutral • 25%
Other • 25%
Mostly positive • 25%
Mostly negative • 25%
Neutral • 25%
Divided • 25%
Yes • 50%
No • 50%