IFS says chancellor ‘boxed in’ by promises before spring statement as February figure is much worse than expected
Analysis: Borrowing overshoot will test Reeves’s resolve on tax risesBusiness live – latest updates
Worse-than-expected public spending data has piled pressure on Rachel Reeves in the run-up to next week’s spring statement, with UK government borrowing rising by much more than expected last month to £10.7bn.
In a setback for the chancellor, the monthly total – the difference between total public sector spending and income – sharply overshot a Reuters poll of experts that had predicted a deficit of £6.6bn.
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Source link : https://www.theguardian.com/business/2025/mar/21/uk-borrowing-rises-rachel-reeves-spring-statement
Author : Richard Partington Economics correspondent
Publish date : 2025-03-21 13:08:00
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