{"id":185096,"date":"2025-10-08T09:08:07","date_gmt":"2025-10-08T09:08:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/185096\/"},"modified":"2025-10-08T09:08:07","modified_gmt":"2025-10-08T09:08:07","slug":"uk-borrowing-reduced-by-2-billion-after-tax-error-uncovered","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/185096\/","title":{"rendered":"UK Borrowing Reduced by \u00a32 Billion After Tax Error Uncovered"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">UK borrowing in the first five months of the financial year was \u00a32 billion ($2.7 billion) lower than previously thought after the tax office found an error in its VAT receipt data, the Office for National Statistics said.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The mistake by HM Revenue &amp; Customs lowers borrowing between April and August to \u00a381.8 billion. That still leaves Chancellor of the Exchequer Rachel Reeves overshooting the Office for Budget Responsibility\u2019s forecast by \u00a39.4 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"UK borrowing in the first five months of the financial year was \u00a32 billion ($2.7 billion) lower than&hellip;\n","protected":false},"author":2,"featured_media":185097,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[13514,14749,84,17275,460,4229,1294,4176,80,41602,467,81775,56,54,55],"class_list":{"0":"post-185096","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-august","9":"tag-budget-deficit","10":"tag-business","11":"tag-capital-spending","12":"tag-debt","13":"tag-economics","14":"tag-economy","15":"tag-finance","16":"tag-government","17":"tag-hm-revenue-customs","18":"tag-markets","19":"tag-office-for-national-statisti","20":"tag-uk","21":"tag-united-kingdom","22":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/185096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=185096"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/185096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/185097"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=185096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=185096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=185096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}