Borrowing by the UK government rose by more than expected in the latest financial year, new official figures show. Public sector net borrowing rose to £151.9 billion in the year to the end of March, the Office for National Statistics (ONS) said.
The figure will come as a blow for chancellor Rachel Reeves, who is visiting Washington this week for major Trump trade deal talks. It comes just a day after the UK’s economic growth forecast was downgraded by the International Monetary Fund (IMF).
