Government Borrowing in April Hit Highest Level Since Covid

UK borrowed bigger than forecast £24.3bn in April as inflation adds to benefits bill

Figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn Business live – latest updatesThe UK borrowed more than expected in April as high inflation drove up the cost of pensions and benefits, amid concern over the Iran war and political uncertainty adding to debt costs.The Office for National Statistics (ONS) said public sector net borrowing – the difference between government spending and income – …

Borrowing surge as Labour spending spree and Iran crisis outweighs tax

The public sector racked up £24.3billion of borrowing last month, the highest April level on record outside of the Covid peak.

Government borrowing in April hit highest level since Covid

Borrowing was higher than expected last month and retail sales fell as fuel prices surged.

Japan inflation softens more than expected in April, weakening case for BOJ rate hike