UK undershoots annual borrowing target by £700m - short news
Figure hits three-year low but Iran war expected to blow hole in Reeves’s fiscal ‘headroom’
The UK government budget came in below its annual borrowing target by £700m, official figures show – but the Iran war is likely to blow a hole in Rachel Reeves’s carefully calculated fiscal “headroom” over the coming months.
The government borrowed a net total of £132bn for the financial year ending in March, the Office for National Statistics (ONS) said. This slightly..
source: The Guardian - 23.04.2026