Back to today’s briefing

Story perspectives

UK Borrowing Soars to £151.9 Billion, Pressure Mounts

4/24/2025

50 5

Summary

Story summary

UK public sector net borrowing soared to £151.9 billion for the year ending March 2025, surpassing expectations by £14.6 billion and reflecting a £20.7 billion jump from last year. Chancellor Rachel Reeves faces mounting pressure to either trim spending or raise taxes to meet fiscal rules, especially with looming US tariffs threatening the economy.

1 of 1

Story summary

UK public sector net borrowing soared to £151.9 billion for the year ending March 2025, surpassing expectations by £14.6 billion and reflecting a £20.7 billion jump from last year. Chancellor Rachel Reeves faces mounting pressure to either trim spending or raise taxes to meet fiscal rules, especially with looming US tariffs threatening the economy.