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Britain’s public borrowing rose to £3.1bn in July, the Office for National Statistics said, exceeding both official and City forecasts.
The Office for Budget Responsibility had estimated borrowing of just £100m for the month, while economists had forecast it would reach £1.5bn.
The FTSE 100 is up 0.1 per cent in early trading. Companies publishing reports and reporting today include Mobico, Watkin Jones and Waitrose. Read the Business Live blog for Wednesday 21 August below.
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Mobico to sell US school bus business
Much higher than expected borrowing in July