UK government borrowed less than expected in July in lift for Rachel Reeves
Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budgetThe UK government borrowed less than expected in July, official figures show, in a boost to the chancellor, Rachel Reeves, as she faces pressure ahead of her autumn budget.Figures from the Office...
<p>Public sector net borrowing falls to £1.1bn as chancellor explores tax-raising options in autumn budget</p><p></p><p>The UK government borrowed less than expected in July, official figures show, in a boost to the chancellor, Rachel Reeves, as she faces pressure ahead of her autumn budget.</p><p>Figures from the Office for National Statistics (ONS) showed public sector net borrowing – the difference between public spending and income – fell to £1.1bn, down by £2.3bn from the same month a year earlier.</p> <a href="https://www.theguardian.com/business/2025/aug/21/government-borrowed-less-than-expected-in-july-in-lift-for-rachel-reeves">Continue reading...</a>
Read the full article at:
The Guardian World →