The United Kingdom's public sector net cash requirement for May reached £18.135 billion, a significant increase from the previous month's -£5.249 billion. Government borrowing in May amounted to £15.0 billion, which is nearly £1 billion more than in May 2023, marking the third highest May borrowing since monthly records began in 1993. Despite borrowing less money than predicted, the UK's debt has risen to levels not seen in over 60 years. This borrowing figure is the highest since the Covid-19 pandemic. The fiscal straitjacket continues, with borrowing in the financial year-to-May totaling £33.5 billion.
UK government borrowing in May hits highest since Covid https://t.co/x3nsL72bB3
Government borrowing in May hits highest since Covid https://t.co/H4LjfKJGG4
The Government borrowed less money than predicted in May but saw debt lift to levels not witnessed for more than 60 years, according to official figures ✍️: @HenrySakerClark https://t.co/EneD7FtGyM
Last borrowing/debt stats before election. Headline: the fiscal straitjacket continues. Borrowing £15.0bn in May, almost £1bn more than May 2023 + third highest May borrowing since monthly records began in 1993. Borrowing in the financial year-to-May was £33.5bn, £0.4bn more…
🇬🇧 United Kingdom Public Sector Net Cash Requirement (May) $GBP Actual: 18.135B Previous: -5.249B