UK government borrowing blows past estimates on Labour’s spending plans

Government borrowing spiked in April, official data has shown, reflecting Rachel Reeves’s difficulties in controlling public finances.  The rise to £20.2bn in monthly borrowing was more than economists’ prediction of £18bn. Capital Economics suggested that the rise in borrowing costs since March via debt interest payments has slashed Reeves’ headroom down to £5.7bn. Tax receipts [...]