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UK Government Borrowing Hits Post-Pandemic High from April to October

Official figures show the UK’s fiscal deficit widened significantly, marking the highest borrowing level outside the COVID-19 crisis period.

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Terms & Concepts
  • Fiscal deficit: The gap between a government's total spending and its total revenue, excluding borrowing.
  • Government borrowing: Funds borrowed by a government to cover budget shortfalls, often through issuing bonds.