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Economics11h 0m ago
UK government borrowing reached £23.3 billion in May, an increase of £5.4 billion from a year ago and £5.6 billion more than forecast.
United Kingdom
Who
UK government, Office for National Statistics (ONS), Office for Budget Responsibility (OBR)
What
UK government borrowing reached £23.3 billion in May, an increase of £5.4 billion from a year ago and £5.6 billion more than forecast.
When
Fri, 19 Jun 2026 07:00:00 GMT · 11h 0m ago
Where
United Kingdom ·
Why
The rise in borrowing is due to the difference between government tax revenue and expenditure, with £11.7 billion allocated to central government debt interest payments.
The Frontline Impact
How this affects you
The record borrowing contributes to a national debt of £2.94 trillion, potentially limiting future government fiscal policy and spending decisions.
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