Government borrowing fell to £1.1bn in July, below OBR forecasts, as higher tax receipts and lower debt costs gave Rachel Reeves some relief ahead of the autumn budget.

The UK budget deficit narrowed in July to the lowest level for the month in three years, the Office for National Statistics said Thursday.

Official figures released on Thursday showed that UK state borrowing slowed to £1.1 billion in July, providing some relief for the Chancellor.

Borrowing last month was the lowest July figure for three years, following rises in tax and National Insurance receipts.

The Bank of England currently expects inflation to hit 4% in September, the all-important month for pensioners. Wage growth ...

A 5.8pc jump in rail fares would represent another inflation-busting increase in the cost of commuting for passengers. The ...

Prices in the UK rose by 3.8% in the year to July, driven mainly by a jump in the price of air fares and food. That means ...

With around 45% of train fares regulated by governments in Westminster, Scotland and Wales, the increase would affect ...

Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market ...

Oasis lookalikes of Liam and Noel Gallagher. The Manchester band was blamed for hotter-than-forecast inflation in the U.K. in ...

Annual inflation rose to an 18-month high in the U.K. last month, raising the chance that Bank of England policymakers might hold off from cutting rates in the coming months.