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The Guardian // Business // Economics

UK borrowing rises more than expected, putting pressure on Rachel Reeves

Tuesday 22nd July 2025, 3:32PM

June figure of £20.7bn comes as chancellor prepares for autumn budget where she may have to impose tax risesAnalysis: Reeves faces gloomy autumn after borrowing overshootsThe UK government borrowed more than expected in June amid speculation the chancellor, Rachel Reeves, will need to raise taxes at the autumn budget to repair the public finances.Figures from the Office for National Statistics (ONS) showed public sector net borrowing rose to £20.7bn, up by £6.6bn from the same month a year earlier, to reach the second-highest June borrowing figure since monthly records began in 1993. Continue reading...

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