UK borrows more than expected as impact of Iran war takes toll
The UK borrowed £23.3bn in May, exceeding forecasts amid economic fallout from the Iran war. This figure highlights challenges for Labour leadership contender Andy Burnham, who recently won the Makerfield byelection. Borrowing for the first two months of the fiscal year reached £46.3bn, considerably higher than expectations set by the Office for Budget Responsibility.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 19 Jun 2026, 06:34 UTC · Updated 19 Jun 2026, 06:40 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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