Article 6YT2J UK borrowing rises more than expected, putting pressure on Rachel Reeves

UK borrowing rises more than expected, putting pressure on Rachel Reeves

by
Richard Partington Senior economics correspondent
from Economics | The Guardian on (#6YT2J)

June figure of 20.7bn comes as chancellor prepares for autumn budget where she may have to impose tax rises

The UK government borrowed more than expected in June amid speculation the chancellor, Rachel Reeves, will need to raise taxes at the autumn budget to repair the public finances.

Figures from the Office for National Statistics (ONS) showed public sector net borrowing rose to 20.7bn, up by 6.6bn from the same month a year earlier, to reach the second-highest June borrowing figure since monthly records began in 1993.

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