Record government borrowing for May and £377million a day in debt interest payments mean whoever runs the country is hemmed in from the start

The Office for National Statistics said the government’s net borrowing was £23.2 in May, above economists’ £19bn prediction.

If elected, the Greater Manchester Mayor will likely drag the Government further to the left, increasing taxes and spending, and therefore borrowing.

Record government borrowing for May and £377million a day in debt interest payments mean whoever runs the country is hemmed in from the start

The Makerfield by-election winner has spoken out on income tax, stamp duty and more – so what might change?

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Despite £75billion of tax increases since July 2024, when Labour was elected, public finances are on a knife edge.