BUSINESSBLOOMBERG
UK Borrowing Overshoots in Warning to New Burnham Government
UK borrowing exceeded forecasts in the first three months of the fiscal year, posing challenges for the new Chancellor of the Exchequer. The situation serves as a warning to the government regarding public finances.
Related Signal
Adjacent reporting
- UK borrowing costs hit highest level since May as oil surges
- UK borrows less than expected in June in boost for Burnham
- UK borrowed bigger than forecast £24.3bn in April as inflation adds to benefits bill
- Fears Burnham tax rises will strangle economy as figures show growth already stalling - but Pound rises as traders bet 'Red' Ed Miliband WON'T be Chancellor
- UK borrowed more than expected in May