The Treasury’s latest borrowing figures will be unveiled a day after the Bank of England maintained pressure on the pubic finances by keeping interest rates on hold.

The Office for National Statistics will soon publish its public sector net borrowing data for May.

Higher than expected Treasury borrowing would put pressure on Chancellor Rachel Reeves as she seeks to balance the nation’s books.

It comes a day after the Bank of England announced interest rates would be held at 4.25pc amid the risks to inflation from the tensions in the Middle East.

A higher interest rate tends to push up the cost of government debt.