UK public sector borrowing higher than expected in June

UK public sector net borrowing was higher than expected in June, figures released by the Office for National Statistics showed on Tuesday.

Pubic sector borrowing totalled £20.68 billion in June, exceeding an FXStreet-cited consensus for £15.6 billion and up from £17.44 billion in May.

It was the second-highest June borrowing since monthly records began in 1993, after that of June 2020, the ONS noted. It was also more than the £17.1 billion forecast by the Office for Budget Responsibility in March.

Borrowing for the three months ended June 30 was £57.8 billion, up £7.5 billion from the year before and the third-highest April to June segment bowstring since monthly borrowing began, after 2020 and 2021.

Also, it reported the current budget deficit was £44.5 billion in the three months to June, which was £6.5 billion higher on-year. Monthly, the deficit was £16.3 billion in June, which was £7.1 billion more than the year before.

Copyright 2025 Alliance News Ltd. All Rights Reserved.