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You’re still being clobbered by the increased cost of living, even after the fall in inflation announced on November 21, 2025.

Here’s the BBC:

“UK government borrowing was higher than expected last month, according to the latest official figures.

“Borrowing – the difference between public spending and tax income – was £17.4bn in October, the Office for National Statistics (ONS) said, which was above analysts’ forecasts of about £15bn.

“The borrowing figures come less than a week before Chancellor Rachel Reeves unveils her Budget, and she has previously confirmed both tax rises and spending cuts are on the table.”

The £17.4 billion borrowing in October is largely abstract for most people — it’s a number about the national accounts.

But the context — that the government is about to deliver a Budget with tax rises and spending cuts — directly affects households.

To read the rest, head over to The Whip Line.

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