UK April borrowing reaches 24.3 billion pounds amid war
UK borrowing reached 24.3 billion pounds in April as the Iran war pressures public finances. Rachel Reeves plans higher energy taxes to fund support.
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The United Kingdom borrowed £24.3B in April, exceeding the £20.9B forecast by economists polled by Reuters. This is the second-highest April deficit on record, as government spending rose 6.5% while receipts grew only 2.9%.
