18 minutes | Wednesday, 21 August 2024
Official data shows government borrowing in July was above expectations and at its highest since the pandemic. The Office for Budget Responsibility (OBR) expected borrowing to be £46.6bn - instead it reached £51.3bn. Our economics and data editor Ed Conway joins Niall Paterson to talk about the unexpected rise in government borrowing and Chancellor Rachel Reeves' options at the October budget. Plus, chief political correspondent Jon Craig discusses how long Labour's claim they are dealing with inherited problems will stand. Producer: Soila Apparicio Editor: Wendy Parker