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Home News UK government borrowed less than expected in July in lift for Rachel Reeves
UK government borrowed less than expected in July in lift for Rachel Reeves
Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budget
The UK government borrowed less than expected in July, official figures show, in a boost to the chancellor, Rachel Reeves, as she faces pressure ahead of her autumn budget.
Figures from the Office for National Statistics (ONS) showed public sector net borrowing – the difference between public spending and income – fell to £1.1bn, down by £2.3bn from the same month a year earlier. Continue reading...
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