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Rise in public borrowing piles more pressure on chancellor
The Guardian
|July 23, 2025
The government borrowed more than expected in June amid speculation Rachel Reeves will need to raise taxes in the autumn budget to repair the public finances.
The Office for National Statistics (ONS) said public sector net borrowing rose to £20.7bn, up by £6.6bn from the same month a year earlier, the second-highest June figure since monthly records began in 1993.
City economists had forecast borrowing – the difference between public spending and income – to increase to £16.5bn.
The chancellor defended her fiscal rules yesterday, signalling she would take action in the autumn budget rather than risk breaking them, and refusing to rule out a wealth tax.
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The Guardian
Students Allow Gaza students to bring children to UK - MPS
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The Guardian
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6 mins
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1 mins
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The Guardian
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4 mins
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The Guardian
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4 mins
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The Guardian
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2 mins
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3 mins
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The Guardian
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2 mins
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The Guardian
'He can be one of world's best' Tuchel urges Rashford to push himself and fulfil his potential
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2 mins
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The Guardian
De Bruyne double deals huge blow to Wales' hopes
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3 mins
October 14, 2025
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