UK public sector net borrowing (excluding public sector banks) totaled GBP 24.5 billion in September 2026, slightly higher than GBP 22.8 billion in the same month a year earlier and market expectations of GBP 23.9 billion. This was the second-highest September borrowing figure on record, behind only September 2020 (not adjusted for inflation), as spending growth outpaced the rise in receipts. Total expenditure rose by GBP 6.7 billion year on year to GBP 123.8 billion, while total receipts increased by GBP 4.9 billion to GBP 99.3 billion.