The United Kingdom faced a larger-than-anticipated government borrowing in May, underscoring mounting fiscal pressures amid the economic uncertainties tied to the ongoing conflict in the Middle East. Official reports indicate …
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Government Borrowing
Chancellor Rachel Reeves presented fiscal projections showing government borrowing declining from 4.5% of GDP to 1.9% by 2030-31, even as economic growth forecasts were downgraded and £26 billion in tax …