The increase in UK government borrowing in October underscores the budgetary cha

The unexpected expansion of net government borrowing in October in the UK underscored the challenges faced by the finance minister, Hammond (Philip Hammond). On the occasion of a bearish economic growth outlook, he will announce the 2018 budget on Wednesday.

The UK's National Bureau of Statistics said on Tuesday that net public sector net borrowings, net of state-owned banks, were 8.04 billion pounds in October, up 6.9% from October 2016.

The rise in debt costs is one of the reasons for the net borrowing increase. The reason for the rising debt cost is related to inflation rising after the Brexit vote.