Rolling coverage of the latest economic and financial news
Newsflash: Britain borrowed more than expected last month, as the pressures on the public finances grow and debt interest costs rise.
Borrowing jumped to £20.7bn in June 2025, some way over City forecasts for £16.5bn, which will add to the pressure on chancellor Rachel Reeves.
“Borrowing in the month of June was over £6bn higher than during the same time last year.
“The rising costs of providing public services and a large rise this month in the interest payable on index-linked gilts pushed up overall spending more than the increases in income from taxes and National Insurance contributions, causing borrowing to rise in June.”
Continue reading…Rolling coverage of the latest economic and financial newsNewsflash: Britain borrowed more than expected last month, as the pressures on the public finances grow and debt interest costs rise.Borrowing jumped to £20.7bn in June 2025, some way over City forecasts for £16.5bn, which will add to the pressure on chancellor Rachel Reeves.“Borrowing in the month of June was over £6bn higher than during the same time last year.“The rising costs of providing public services and a large rise this month in the interest payable on index-linked gilts pushed up overall spending more than the increases in income from taxes and National Insurance contributions, causing borrowing to rise in June.” Continue reading…
