Vince Diaz 5 hrs · Edited · Likelihood of further cuts due to rise in borrowing Wednesday 22 October 2014 {Better late than never Herald.} GEORGE Osborne has suffered a blow with official figures showing a rise in UK Government borrowing that will make it harder for the Chancellor to produce any pre-election giveaways and raises the prospect of more spending cuts to meet the deficit-reduction target. Data from the Office for National Statistics showed revenues from income and wealth taxes failed to grow compared to the same month last year. Borrowing for September, excluding the effects of bank bail-outs, was £11.8 billion, up £1.6bn compared to the same month last year. For the period April to September it stands at £58bn, 10 per cent higher than for the same period in 2013/14. iain Lawson, Paisley • Unionists said we were better together. Any idea when the evidence of this is going to appear?
Posted on: Wed, 22 Oct 2014 15:35:50 +0000
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