Fears for Budget tax hikes as Government borrowing jumps unexpectedly to £1.8billion

Government borrowing unexpectedly jumped to £1.8bn last month, raising fears of tax hikes at the upcoming autumn Budget. New data from the Office for National Statistics (ONS) shows government borrowing was up £700m in July compared to the same time last year, a rise of 68.7%. The jump came as a shock after most economists...