Royaume-Uni Valeur des budgets du gouvernement

UK public sector net borrowing (excluding public sector banks) widened to £20.2 billion in September 2025 from £18.6 billion in the same month last year, but slightly below market expectations of £20.5 billion. This was the highest September borrowing since 2020. Total public sector spending increased by £8.9 billion, driven by higher costs of providing public services, benefits, and debt interest. Notably, interest payments on central government debt were higher than in any previous September on record. Meanwhile, total receipts rose by £7.3 billion, reflecting higher revenue from central government taxes and national insurance contributions. Borrowing for the financial year to September reached £99.8 billion, £7.2 billion (7.8%) above the OBR’s March forecast of £92.6 billion. It was also the second-highest year-to-date borrowing since records began in 1993, following the pandemic period. Public sector net debt, excluding public sector banks, stood at 95.3% of GDP.