“Show us some leg, chancellor,” urged David Smith in a must-read column on Tuesday before next month’s Autumn budget. We will have a better idea just how much leg the chancellor can afford to flash after the publication of UK borrowing data for September at 9.30am. Economists expect headline borrowing of £6.5 billion, according to a Reuters poll, down from £6.7 billion last year. That would put the chancellor on track to undershoot the Office for Budget Responsibility’s full-year borrowing forecast by £8 billion after a run of better-than-expected data in recent months. Tom Knowles will be poring over the borrowing data.

Source: The Times October 20, 2017 08:03 UTC