Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Jonathan Prynn

Sunak forced to borrow yet more as inflation soars and growth falters

Inflation ​​Rishi Sunak OBR

Chancellor of the Exchequer Rishi Sunak went to the debt markets for an extra £14 billion

(Picture: PA Wire)

Rishi Sunak was presented with yet another economic headache today as surging inflation and slowing growth meant he was forced to borrow more than planned in May.

Latest figures from the Office for National Statistics (ONS) showed the Chancellor went to the debt markets for a higher than expected £14 billion during the month in order to keep the wheels of state turning.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Green stars existed only in comics. Now astronomers have found the first real one and the reddest star ever recorded
Astronomers have unveiled an astonishing white dwarf star, WD J1330+6435, that shines with a distinctive green hue. Situated roughly 280 light-years away in the constellation of Draco, its unique coloration stems from sodium that captures multiple light wavelengths due to elevated density. Additionally, a second white dwarf, WD J1011+2845, displaying…
The Economic Times
The Economic Times
Ticket Broker Accused of Buying 7,624 Tickets to One Beyoncé Show and Making $833,000 Reselling Them
A US DOJ lawsuit alleges REPS & Company used 1,300 accounts to buy 7,624 Beyoncé tickets, bypassing limits under the BOTS Act.
International Business Times UK
International Business Times UK
Travis Barker loved Kourtney Kardashian 'for years' before they started dating
Travis Barker had loved Kourtney Kardashian "for years" before they got together romantically.
BANG Premier
BANG Premier
Victoria Beckham, ‘duck face’ and onesies: nine things Zoolander predicted about fashion
It’s been 25 years since the release of Ben Stiller film that skewers an industry that famously takes itself very seriously. It might have been comedy gold, but it also predicted our fashion-saturated 21st century
The Guardian - UK
The Guardian - UK
Cannabis doesn’t make you violent – despite what recent reports have claimed
In what looked like a return to the dark days of Reefer Madness – a 1936 film that portrayed cannabis as a drug that could drive people to madness and murder – a recent article in the Daily Telegraph claimed that cannabis users are “twice as likely to be violent”.
The Conversation
The Conversation
Kelly Clarkson is nobody's idol
A fight with Brooklyn small business Art of Play reveals the dark side of celebrity worship
Salon
Salon
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play