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[British government borrowing exceeds expectations, Finance Minister Healey's first budget will face test] September 22 (Xinhua) The British government's borrowings in the first five months of this fiscal year exceeded official forecasts, which has brought new pressure to Finance Minister John Healey, who will announce his first budget next month. The size of the above-mentioned fiscal deficit rose to 77.3 billion pounds (about 100 billion U.S. dollars), which was 8.1 billion pounds higher than the Office for Budget Responsibility's forecast in March this year. Borrowing amounts reached 18.3 billion pounds in August alone. The figures underscore the challenge Healey faces in crafting a budget that must both lay out Prime Minister Andy Burnham's economic agenda and reassure jittery bond markets by proving to investors that government borrowing remains under control.
european economy 🕐 2026-09-22 14:57

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