The UK Government borrowed more than expected for the latest financial year, according to new official figures. Public sector net borrowing rose to £151.9 billion in the year to the end of March, the Office for National Statistics (ONS) said. This was £14.6 billion higher than the £137.3 billion forecast by the Office for Budget Responsibility.
#governmentborrowing #rachelreeves #uk #economy
#governmentborrowing #rachelreeves #uk #economy
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00:00Hello, I'm Greg Wright of the Yorkshire Post. UK government borrowing rose to £151.9 billion
00:09in the year to the end of March, overshooting official forecasts by £14.6 billion,
00:16according to official figures out today. The Office for National Statistics said public
00:22sector net borrowing was higher than the £137.3 billion forecast by the Office for Budget
00:31Responsibility. The yearly figure was also £20.7 billion more in the same period a year earlier.
00:41My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.