Mumbai, June 19 -- The UK's public sector net borrowing increased to £23.3 billion in May 2026 from £17.9 billion a year earlier, marking the second-highest May borrowing figure on record. Higher spending on debt interest payments, public services, investment, and benefits drove the increase. While public sector receipts rose £3.7 billion to £94.8 billion on stronger tax revenues, total spending climbed £9.1 billion to £118.0 billion. Meanwhile, public sector net debt reached 95.1% of GDP at the end of May, up 0.4 percentage points from a year ago, underscoring ongoing fiscal pressures.
Published by HT Digital Content Services with permission from Capital Market....