Labour says higher-than-forecast UK borrowing shows economic challenge ahead
by Richard Partington Economics correspondent from Economics | The Guardian on (#6PB3P)
Treasury says it has received worst postwar inheritance as figures reveal 14.5bn deficit in June
Labour has said it has received the worst economic inheritance since the second world war after official figures showed the government borrowed more than expected in June.
Underscoring the challenges facing the chancellor, Rachel Reeves, the Office for National Statistics reported that UK borrowing - the difference between public sector spending and income - was 14.5bn last month.
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