英国工党

UK government borrowing hits £20.2bn in April

Overshoot for first month of tax year increases pressure on Rachel Reeves ahead of next month’s spending review

UK government borrowing unexpectedly rose in April on the back of increased public spending, piling pressure on chancellor Rachel Reeves ahead of a high-stakes spending review next month.

Figures published on Thursday by the Office for National Statistics showed that borrowing was £20.2bn in the first month of the new tax year, up from a shortfall of £19.1bn in April 2024.

Economists polled by Reuters had forecast that the difference between public sector spending and income would fall to £17.9bn last month.

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