Published 14 days ago

Government borrowing higher than forecast as doubts raised over pre-election tax cuts

UK state borrowing exceeded forecasts at £120.7 billion in 2023-24, impacting the Conservative government's election prospects.
Chancellor Jeremy Hunt faces challenges as borrowing surpassed predictions, reaching £120.7 billion due to increased expenses.
Despite being higher than anticipated, the borrowing figures are unlikely to hinder Mr. Hunt's tax reduction plans before the upcoming general election.

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BBC News

UK borrowing casts doubt on pre-election tax cuts

Government borrowing for the year was £6.6bn higher than expected, according to new figures.

14 days ago·United Kingdom

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Reuters

UK budget deficit for 2023/24 overshoots official forecast

14 days ago·United Kingdom

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Daily Mirror

UK government borrowing higher than forecast in blow to Chancellor

Official figures revealed borrowing for the last financial year overshot forecasts, hitting £120.7billion

14 days ago·London, United Kingdom

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Evening Standard

UK annual government borrowing higher than forecast in blow to Chancellor

The ONS estimated that full-year public sector net borrowing was £120.7 billion in 2023-24, £6.6 billion more than predicted.

14 days ago·London, United Kingdom

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Sky News UK

Government borrowing higher than forecast as doubts raised over pre-election tax cuts

Doubts have been raised over the government's ability to unveil tax cuts ahead of the next general election after official figures revealed borrowing was higher than expected in the past year.

14 days ago·United Kingdom

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The Guardian Nigeria

UK borrowing overshoots target in pre-election blow

UK state borrowing last year overshot forecasts, official data showed Tuesday, dealing a blow to the Conservative government ahead of an election it is tipped to lose. The government's public sector net borrowing stood at £120.7 billion ($149.4 billion) in its year to the end of March, the Office for National Statistics said. That marked […] The post UK borrowing overshoots target in pre-election blow appeared first on The Guardian Nigeria News …

14 days ago·Nigeria

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