UK Government borrowed £8.4bn in February, exceeding expectations and potentially impacting Chancellor Jeremy Hunt's plans.
The UK Government borrowed £8.4 billion in February, higher than expected and potentially affecting Chancellor Jeremy Hunt's plans, according to official figures from the Office for National Statistics (ONS). This could lead to the government surpassing borrowing forecasts for the fiscal year from the Office for Budget Responsibility. The borrowing was due to higher benefits payments, such as cost-of-living support.
March 21, 2024
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