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Britain's public sector net borrowing at $27b in April
Gulf Today
|May 23, 2025
Britain's government kicked off the 2025/26 financial year in April by again borrowing more than expected, suggesting no let-up in the pressure on the public finances ahead of a major review of spending.
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Public sector net borrowing was 20.155 billion pounds ($27 billion) in April, according to official data.
A Reuters poll of economists showed a median forecast of 17.9 billion pounds for public sector net borrowing.
Economists have routinely underestimated the extent of Britain's budget deficit each month over the past year.
Finance minister Rachel Reeves is due to deliver her first multi-year spending review on June 11 to set the budgets for public services.
She outlined her first annual tax and spending plans last October when she raised social security contributions paid by employers but held off from broader tax increases.
Dit verhaal komt uit de May 23, 2025-editie van Gulf Today.
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