Economy #public finances#borrowing
UK May borrowing surges to £23.3bn, sparking warning over fragile public finances
The UK government borrowed £23.3bn in May, nearly a third more than a year ago and well above the OBR's forecast. Debt interest payments soared to a record £11.7bn. Economists caution that fragile public finances will constrain fiscal policy, amid a looming Labour leadership challenge.
Jun 23, 2026 1 source