UK public borrowing reaches a three-year high of £20.5bn in April, surpassing economists' forecasts.

Chancellor Jeremy Hunt faces a setback as UK public borrowing hits a three-year high of £20.5bn in April, exceeding economists' forecasts. The government's total borrowing climbed to £20.5bn, up from the £16bn forecast by the Office for Budget Responsibility. Official figures indicate that the government spent more than it raised in revenues, with a £2.1bn increase in welfare spending due to inflation.

May 22, 2024
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