But Iran war likely to blow hole in Rachel Reeves’s carefully crafted fiscal ‘headroom’ in coming months
The UK government came in below its annual borrowing target by £700m, official figures show – but the Iran war is likely to blow a hole in Rachel Reeves’s carefully calculated fiscal “headroom” over the coming months.
The government borrowed a net total of £132bn for the financial year ending in March, the Office for National Statistics said. This slightly undershot the £132.7bn that the Office for Budget Responsibility (OBR) had forecast just last month.
Continue reading…But Iran war likely to blow hole in Rachel Reeves’s carefully crafted fiscal ‘headroom’ in coming monthsBusiness live – latest updatesThe UK government came in below its annual borrowing target by £700m, official figures show – but the Iran war is likely to blow a hole in Rachel Reeves’s carefully calculated fiscal “headroom” over the coming months.The government borrowed a net total of £132bn for the financial year ending in March, the Office for National Statistics said. This slightly undershot the £132.7bn that the Office for Budget Responsibility (OBR) had forecast just last month. Continue reading…
