UK Budget Deficit Smaller Than Forecast as Tax Rise Kicks In
- Borrowing of £18.6 billion in April just below OBR forecast
- Outlook marred by stagflation risk amid cost of living crisis
This article is for subscribers only.
Follow us at @BloombergUK and on Facebook for the latest news and analysis.
The UK government borrowed less than officials forecast in the first month of the fiscal year but risks to the public finances are mounting as a possible bout of stagflation looms.