UK government borrowing exceeded official forecasts made just last month
Public sector net borrowing excluding public sector banks was £151.9 billion (or 5.3% of GDP) in the 2024 to 2025 financial year,
£20.7 billion (or 0.5 percentage points) more than in the previous year and the third highest total on record.
The news highlights the fragile state of the public finances even before US tariffs dimmed the economic outlook
