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flag UK July borrowing hits three-year low, but fiscal concerns persist for Chancellor Reeves.

flag UK government borrowing in July was £1.1 billion, £2.3 billion less than the same month last year and the lowest July borrowing in three years. flag Though tax receipts increased, borrowing for the first four months of the financial year is £60 billion, £6.7 billion more than last year. flag Despite the lower-than-expected July borrowing, Chancellor Rachel Reeves may still need to raise taxes or cut spending to address public finances.

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