UK annual borrowing exceeds forecasts by almost £15bn
Figure of £151.9bn more than £20bn higher than previous financial year, adding to pressure on Rachel ReevesBusiness live – latest updatesRachel Reeves could be forced to raise taxes or announce deeper cuts to public spending after figures revealed UK borrowing overshot official forecasts by almost £15bn in the last financial year.With the British economy coming under mounting strain amid Donald Trump’s escalating trade war, the Office for National Statistics (ONS) said borrowing in the financial year ending in March was £151.9bn, more than £20bn higher than in the previous financial year. Continue reading...
Figure of £151.9bn more than £20bn higher than previous financial year, adding to pressure on Rachel Reeves
Rachel Reeves could be forced to raise taxes or announce deeper cuts to public spending after figures revealed UK borrowing overshot official forecasts by almost £15bn in the last financial year.
With the British economy coming under mounting strain amid Donald Trump’s escalating trade war, the Office for National Statistics (ONS) said borrowing in the financial year ending in March was £151.9bn, more than £20bn higher than in the previous financial year. Continue reading...
