Economics

Rishi Sunak Given Budget Boost as U.K. Borrowing £26 Billion Below Forecast

Chancellor due to deliver Spring Statement on Wednesday
Sunak is under pressure to act as U.K. faces living squeeze

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By David Goodman and Lizzy Burden

March 22, 2022 at 7:21 AM UTC

Updated on

March 22, 2022 at 8:48 AM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

U.K. Chancellor of the Exchequer Rishi Sunak was handed a major boost before Wednesday’s Spring Statement, as data showed the budget deficit was running 26 billion pounds ($34 billion) below official forecasts in the first 11 months of the fiscal year.