Chancellor given 'less wriggle room' as borrowing rises

Worse than expected borrowing figures for the Government in October mean George Osborne has less wriggle room in the mini-budget next month. In part, worse than expected borrowing figures are due to the Corporation Tax the Government collects from business sliding down.

George Osborne will deliver his Autumn statement next month
George Osborne will deliver his Autumn statement next month Credit: Press Association

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Public borrowing rises

Public sector net borrowing has risen by more than expected, by £2.7 billion to £8.6 billion in October. And public sector net debt has now passed the trillion mark; it now stands at £1.1 trillion