June's Borrowing Figures: A Rare Glimmer of Hope, But Challenges Remain The latest borrowing figures from the UK government show a welcome respite for the new Prime Minister and his team.
The £16 billion borrowed in June was slightly lower than expected, with analysts attributing this to higher revenues from income tax and VAT, as well as reduced interest payments on inflation linked debt.
This rare piece of good news has been seized upon by the government, who are keen to demonstrate their commitment to cutting living costs for households.