UK borrowing rises to higher-than-expected £14.5bn in June

UK borrowing rises to higher-than-expected £14.5bn in June

Treasury says it has inherited worst post-war economy as figures point to big challenges for Rachel Reeves

Labour has said it has received the worst economic inheritance since the second world war after official figures showed the government borrowed more than expected in June.

Underscoring the challenges facing the chancellor, Rachel Reeves, the Office for National Statistics reported that UK borrowing – the difference between public-sector spending and income – was £14.5bn last month.

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