UK government borrows record £10.3bn in October

The UK government borrowed £10.3bn in October, figures from the Office for National Statistics show.

It is a record for October and is up from £10.1bn in the same month last year.

The figure – which was in line with analysts' forecasts – brings the amount the government has borrowed since the start of the financial year to £83.8bn.

The borrowing rise came despite signs that the Treasury's tax take has risen.