UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Apr 23rd 2025 7:07am EDT

Rachel Reeves could be forced to raise taxes or announce deeper cuts to public spending after figures revealed UK borrowing overshot official forecasts by almost £15bn in the last financial year. With the British economy coming under mounting strain amid Donald Trump’s escalating trade war, the Office for National Statistics (ONS) said borrowing in the […]

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