UK July Borrowing Jumps 68.7% to £1.8bn, Debt Nears £3tn
UK public borrowing unexpectedly hit £1.8bn in July, defying economist forecasts and the OBR's projected £500m surplus. With debt at 94.1% of GDP and the Treasury's first Budget due 28 October, investors face renewed uncertainty over gilt supply, tax policy, and fiscal headroom.
Source: theargus.co.uk · thetelegraphandargus.co.uk