The growth of the UK budget deficit in October significantly exceeded forecasts

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The UK budget deficit in October reached a maximum of 3 billion pounds over 3 years for this month. Such data was published by the Office for National Statistics. In the previous month, the figure was at 2 billion pounds. Experts had predicted its increase to 5 billion 600 million pounds. The highest rates for October in 11 years were shown by government spending, an increase of 7.7%. The increase in tax revenues was 1.2%. The indicator of total expenses of the British budget has reached 65 billion 400 million pounds. The country's net public debt increased to 84% of GDP.

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