UK Borrowing Rises Sharply as Inflation Pushes Up Debt Costs
Government debt climbs to £20.7 billion in June, exceeding forecasts
The United Kingdom borrowed £20.7 billion in June, surpassing economic forecasts and intensifying pressure on the Treasury amid rising inflation and mounting debt interest payments.
The figures have fueled debates over fiscal policy and added strain to Chancellor Rachel Reeves’ economic stewardship.
The figures have fueled debates over fiscal policy and added strain to Chancellor Rachel Reeves’ economic stewardship.
