Government Borrowing £14.6 Billion Higher Than OBR Projection

Yesterday the IMF cut the UK’s growth forecast by a substantial 0.5% before Reeves heads to D.C. today for a summit hosted by the institution. New borrowing figures from the Office for National Statistics show just what Brits are on the hook for…

Public sector borrowing excluding banks is £151.9 billion in the year to March – the OBR’s prediction of last month was £137.3 billion for the 2024/5 financial year.[…] Read the rest