London, March 21, 2025 (AFP) - UK govt hit by higher borrowing ahead of fiscal update

NAMPA / AFP

2025-03-21

Britain's Labour government borrowed more than expected in February, official data showed Friday ahead of next week's fiscal update, when it is expected to announce more spending cuts. Public sector net borrowing -- the difference between spending and tax receipts -- stood at £10.7 billion ($13.8 billion) for the month, the Office for National Statistics said in a statement. With finances strained, the government on Tuesday announced contested cu......

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WINDHOEK, 27 March 2025 - President of the Popular Democratic Movement, McHenry Venaani speaking after the tabling of the 2025/26 National Budget on Thursday. (Photo: Justina Shuumbwa) NAMPA

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