Government ❯UK Government ❯Fiscal Policy ❯Public Sector Expenditure

Inflation-related Costs

UK Borrowing Overshoots Forecast by £14.6bn, Reaching 95.8% of GDP

ONS confirms borrowing for 2024-25 hit £151.9bn, driven by inflation-related costs and weaker revenues, intensifying pressure on Chancellor Reeves ahead of the autumn budget.