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UK government borrows more than expected as debt costs surge

The Star Business LogoThe Star Business1w ago

UK government borrows more than expected as debt costs surge

Quick Summary

However, on Wednesday, it announced a £10bil (RM54bil) increase for pensioners next year, in a sign of the pressure it is under.

In March, the OBR predicted a further decline to 3.9% in the current fiscal year, but that projection is now looking optimistic.

The budget deficit stood at £14bil (RM75bil), £2bil (RM10.7bil) higher than economists had forecast.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Government UK Recession Economy /Business/Business News Rishi Sunak Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 4 minutes read

Article Length: 582 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6514

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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