UK government borrowing overshoots forecasts before spring statement

NAMPA / DPA

2025-03-21

London (PA Media/dpa) - UK government borrowing soared above forecasts last month as public sector spending rose, putting pressure on Chancellor Rachel Reeves ahead of her spring statement. The Office for National Statistics (ONS) said public sector net borrowing was £10.7 billion ($13.8 billion) in February. This was £100 million more than the same month last year and the fourth-highest February on record. It was also £4.2 billion more than had......

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