bbc.com

Pressure Mounts on Chancellor Rachel Reeves Amid Surging Borrowing Figures

Higher-than-expected borrowing figures for April have created pressure for UK Chancellor Rachel Reeves, with predictions of tax increases in the autumn. The Office for National Statistics reported borrowing at £20.2 billion, up £1 billion from last year, raising concerns over the government’s economic management. Experts foresee a need for a combination of higher taxes and increased borrowing in the next Budget, compounded by rising expenditures such as defense spending. Despite a slight decrease in estimated borrowing for the past financial year, figures remain above government expectations.

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