Support for soaring energy bills and higher interest rates led UK government borrowing to jump by more than £18bn in the year to March. Nick Donaldson / PA
Support for soaring energy bills and higher interest rates led UK government borrowing to jump by more than £18bn in the year to March. Nick Donaldson / PA

World

UK

UK budget deficit rose more than expected in March

Increased borrowing an 'inevitable consequence' of Covid-19 and energy crisis, Chancellor says

Matthew Davies
Matthew Davies
London

April 25, 2023