Brits face more tax hikes WHOEVER wins Labour leadership: Borrowing surged in April as spending spree and Iran crisis outweighed revenues
The public sector racked up £24.3billion of borrowing last month, the highest April level on record outside of the Covid peak.
- Rachel Reeves sees borrowing spike as benefits spending offsets tax haul City AM —
- Borrowing surges by more than expected in blow to Chancellor amid Iran war woes The Standard —
- UK borrowed bigger than forecast £24.3bn in April as inflation adds to benefits bill The Guardian —
- Borrowing hit £24 billion last month in the second highest for April on record Birmingham Live —
- Borrowing surges by more than expected in blow to Chancellor amid Iran war woes The Independent —