
UK Borrowing Surges in May, Exceeding Forecasts Amid Inflationary Pressures
UK government borrowing in May reached £23.3bn, a nearly third increase year-on-year and £5.6bn above OBR forecasts. Rising inflation, partly due to the Middle East conflict, drove up debt interest costs to a record high for May. Greater Manchester mayor Andy Burnham's potential leadership challenge is noted, with his fiscal pledges being watched by investors.





















