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UK government posts unexpected budget deficit in July as spending surge overwhelms record tax revenue
UK public sector borrowing hit £1.8 billion in July 2026, missing the expected £500 million surplus as spending surged ahead of Chancellor
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independent.co.uk
New Chancellor given pre-Budget challenge as borrowing jumps unexpectedly
The ONS said government borrowing stood at £1.8 billion in July, £700 million more than a year ago.
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thisismoney.co.uk
Unexpected spike in borrowing delivers further blow to Burnham
Pressure on the public finances deepened last month as higher spending contributed to an unexpected increase in the deficit.
