English>

Market News

UK Borrowing Overshoot Hits £20 Billion in Blow for Reeves - BLOOMBERG

MARCH 21, 2025

By  and 


Chancellor of the Exchequer Rachel Reeves is set to overshoot her borrowing forecasts significantly for the current fiscal year, highlighting the fragile state of the UK’s public finances ahead of a key economic statement next week.

The budget deficit in the first 11 months climbed to £132.2 billion ($171 billion) — £20.4 billion more than the Office for Budget Responsibility predicted in October. Borrowing in February alone was £10.7 billion, above the expectations of the OBR and economists.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics