Government plans 'on track' despite rise in borrowing

The economy is healing, but it still faces many challenges. These numbers illustrate that, but also show the Government's plans to bring spending under control are on track for the year.

– Treasury statement

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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