Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties.
Now we are in a Covid 19 world. UK’s HM Government needs to fund many new demands. [www.dmo.gov.uk]

Another deficit month, thus to bridge the gap, needs to borrow on the bond market In September 2020 , the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is The PSNCR: The Public Sector Net Cash Requirement. There were “only” 11 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

29-Sep-2020 0 1/8% Treasury Gilt 2028 £3,437.4990 Million
24-Sep-2020 0 1/8% Treasury Gilt 2026 £3,749.9990 Million
24-Sep-2020 0 1/8% Index-linked Treasury Gilt 2028 3 months £1,310.7490 Million
16-Sep-2020 0 3/8% Treasury Gilt 2030 £3,124.9990 Million
15-Sep-2020 1¼% Treasury Gilt 2027 £2,867.5000 Million
15-Sep-2020 1¾% Treasury Gilt 2037 £2,187.5000 Million
10-Sep-2020 0 1/8% Treasury Gilt 2023 £3,250.0000 Million
10-Sep-2020 0 5/8% Treasury Gilt 2050 £2,421.7490 Million
03-Sep-2020 0 1/8% Treasury Gilt 2028 £3,412.7490 Million
03-Sep-2020 1¼ % Treasury Gilt 2041 £2,500.0000 Million
02-Sep-2020 0 1/8% Index-Linked Treasury Gilt 2056 3 months £459.0500 Million

= £3,437.4990 Million + £3,749.9990 Million + £1,310.7490 Million + £3,124.9990 Million + £2,867.5000 Million + £2,187.5000 Million + £3,250.0000 Million + £2,421.7490 Million + £3,412.7490 Million + £2,500.0000 Million + £459.0500 Million = £28,721.794 Million

£28,721.794 Million = £28.721 Billion

On another way of looking at it, is in the 30 days in September 2020, HM Government borrowed:- £957.3931333333333 Million each day for the 30 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bond mature from 2023 through to 2056. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….”