Chancellor Rachel Reeves is facing further pressure over the UK’s public finances after official figures showed higher-than-expected government borrowing last month due to soaring debt interest payments.
The Office for National Statistics (ONS) said June borrowing rose to £20.7 billion last month – £6.6bn higher than a year earlier and the second highest June borrowing since records began, only behind that seen in 2020 at the height of the pandemic.