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U.K. Borrowing Undershoot Hands Sunak $18 Billion Windfall

  • Chancellor has money in hand to deal with living costs crisis
  • Improvement comes despite soaring debt-interest costs
Rishi Sunak

Rishi Sunak

Photographer: Chris J Ratcliffe/Getty Images

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U.K. government borrowing came in well below official forecasts for the first nine months of the fiscal year, giving Chancellor of the Exchequer Rishi Sunak room to cancel a planned tax increase that threatens to deepen the cost of living crunch facing households.