Money Minute Tuesday 22 October: UK public finances and company updates

This morning in the UK, we get the latest news on the state of the public finances.

Borrowing is expected to have risen in September compared to August, partly due to changes in the way that student loans are treated in the data.With both the government and the opposition promising to keep increasing spending, the public finances have already overshot forecasts and are likely to deteriorate further, regardless of who ends up in power.

For now though, markets couldn't care less and are happy to continue lending to the UK at extremely low interest rates.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

It's also a busy day for big companies reporting or updating on their third quarters. Consumer goods giant Reckitt Benckiser, packaging group Bunzl, and builders' merchant Travis Perkins all issue trading updates, while Whitbread owner of the Premier Inn brand reports its half-year results.

Over in the US, meanwhile, companies reporting on their third quarter earnings include fast food giant McDonald's, consumer goods group Procter & Gamble, and motorbike manufacturer Harley Davidson.