UK government borrowing falls in June
Summary
The UK government borrowed £16 billion in June, which is less than expected and £7.9 billion less than the same month last year. The unemployment rate stayed the same between March and May, and the labor market was described as steady.Key Facts
- UK government borrowing was £16 billion in June.
- This borrowing figure is £7.9 billion lower than June last year.
- The borrowing was less than what experts had predicted.
- The unemployment rate did not change between March and May.
- The Office for National Statistics said the labor market was relatively steady.
- The UK still has a large amount of public debt.
- New Prime Minister Andy Burnham is planning to introduce measures to reduce living costs for households.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
