Subscriber OnlyMarketsEconomicsU.K. Budget Deficit Soars as Britain Prepares for BrexitFiscal deficit rises annual 60% in four months through JulyFigures provide gloomy fiscal backdrop for Boris JohnsonPound Could Be Poised to Reverse Higher, Hedge Fund Telemetry's Thornton SaysByLucy Meakin+FollowAugust 21, 2019, 8:30 AM UTCFollow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. U.K. government borrowing surged in the first four months of the fiscal year, a reminder of the vulnerability of the public finances as Britain braces for a no-deal Brexit.