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Government Borrowing in April Hit Highest Level Since Covid
Higher spending and record debt interest pushed borrowing above the Office for Budget Responsibility’s forecast, while retail sales fell 1.3% as energy costs hit households.
Summary by BBC News
4 Articles
4 Articles
UK Borrowing Surges to £24.3bn as Economic Pressure Mounts
UK public finances recorded their biggest shortfall since the COVID-19 pandemic in April, in what could be an early sign of the budget pressure facing chancellor Rachel Reeves due to the Iran war.Borrowing during the month rose 25 per cent from April last year to 24.3 billion pounds, the second-highest borrowing figure for April on record, official data showed on Friday.A Reuters poll of economists had forecast a 20.9 billion-pound deficit in Ap…
After employment, retail sales fell in April, while public finances deteriorated in a difficult geopolitical and domestic policy environment.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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