Article 6XF1N UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

by
Richard Partington Senior economics correspondent
from World news | The Guardian on (#6XF1N)

April figure more than expected and comes despite chancellor's increase in employment taxes

The UK government borrowed more than expected in April, underscoring the challenge for Rachel Reeves to fix public services and grow the economy while meeting her fiscal rules.

With the chancellor under pressure on Labour's tax plans, the Office for National Statistics (ONS) said public sector net borrowing rose to 20.2bn in April, 1bn more than the same month a year earlier and the fourth-highest April borrowing figure on records dating back to 1993. City economists had forecast borrowing of 17.9bn.

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