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flag UK borrowing fell unexpectedly to lowest level since 2022 amid higher tax revenues.

flag UK government borrowing fell unexpectedly to £132 billion for the year ending March 2026, the lowest since 2022, driven by higher tax revenues from a national insurance hike. flag However, rising debt interest costs and fears that the ongoing Middle East conflict could increase borrowing in future years are raising concerns for Chancellor Rachel Reeves.

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