Borrowing – the difference between total public sector spending and income – was £18.0 billion in August 2025; this was £3.5 billion more than in August 2024 and the highest August borrowing for five years. Borrowing in the financial year to August 2025 was £83.8 billion; this was £16.2 billion more than in the same five-month period of 2024 and the second-highest April to August borrowing since monthly records began in 1993, after that of 2020. The current budget – borrowing to fund day-to-day public sector activities – was £13.6 billion in August 2025; this brings the total current budget deficit in the financial ... (full story)