LONDON DAILY ARCHIVE

UK Public Borrowing Reaches £46.3 Billion in Early Fiscal Year, Driven by Debt Interest Costs

UK public sector borrowing stood at £46.3 billion in the first two months of the fiscal year, up £8.9 billion compared with the same period last year, according to the Office for Budget Responsibility. Treasury officials attributed the increase to higher debt interest payments and government spending pressures, alongside broader inflationary effects linked to global conflicts.

21 June 2026 · 12:45 UTC