Government borrowing for financial year higher than expected

UK annual borrowing nearly £15bn above official forecast; stocks rise as Trump rows back on Fed attack – business live

UK government borrowed £151.9bn in year to March; investors cheered by hopes of US-China trade dealEuropean stocks have also opened higher, as a wave of relief spread across markets.The UK’s FTSE 100 index is up by 1.2% at 8,430, while the Italian FTSE MiB rose by 1.4%.Bessent threw a lifeline to fragile US sentiment with conciliatory remarks on the US-China trade war. Bessent said the current tariff situation is “unsustainable” and expects a de…

Government borrows almost £15bn more than expected

The borrowing figure for the last financial year comes in far higher than the Office for Budget Responsibility had expected in its updated forecasts issued just last month.

Government borrowing for financial year higher than expected

The government borrowed £151.9bn in the year to March, which marked the third highest on record.

Soaring borrowing shows gloomy times ahead

Try to imagine £14.6 billion. Not easy, is it?