London
Britain borrowed a record £215 billion ($285 billion) in the first seven months of the financial year, highlighting the challenge facing Finance Minister Rishi Sunak as he prepares new spending plans.
Borrowing in October alone came in below all economists’ forecasts in a Reuters poll at £22.3 billion, and September’s borrowing was also revised sharply lower. But debt remained only slightly lower than a 60-year high as a share of the economy.
