Government borrowing higher than expected in April
Summary
The UK government borrowed £24.3 billion in April, which is higher than expected. This borrowing was £4.9 billion more than in April last year and above the predicted amount of £20.9 billion.Key Facts
- UK government borrowing in April was £24.3 billion.
- Borrowing means the government spent more money than it received from taxes.
- This amount is £4.9 billion higher than April of the previous year.
- The borrowing exceeded the forecast of £20.9 billion made by the Office for Budget Responsibility.
- Tax income increased compared to last year.
- Higher government spending on benefits and other costs caused the borrowing to rise.
- The data comes from the Office for National Statistics (ONS).
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