Government borrowing rises but still leaves Chancellor room for tax cuts
Government borrowing increased by more than expected last month according to official figures, but left Chancellor Jeremy Hunt with headroom for planned tax cuts in Wednesday’s autumn statement. Economists said the latest borrowing data will mean the Chancellor “won’t be able to resist the temptation to unveil a pre-election splash” of cuts. The Office for National Statistics (ONS) said public sector net borrowing stood at £14.9 billion in October –