UK public sector borrowing hit £23.3 billion in May, a 30% surge driven by record £11.7 billion debt interest costs. Here's what it means for investors.

The ONS said borrowing was nearly a third (30.4%), or £5.4 billion, higher than a year earlier at £23.3 billion in May.

UK public sector borrowing hit £23.3 billion in May, a 30% surge driven by record £11.7 billion debt interest costs. Here's what it means for investors.

UK public sector borrowing hit £23.3B in May 2026, exceeding forecasts by £5.6B as record debt interest payments and rising spending strain fiscal policy.