The impact of Iran war pressures on UK public finances has been laid bare as official figures showed Government borrowing lifted to a higher-than-expected £23.3 billion last month after debt interest costs surged to a record May high.
The Office for National Statistics (ONS) said borrowing rose by nearly a third (30.4%), or £5.4 billion, compared with a year earlier and marked the second highest May on record, beaten only during the pandemic era.
