UK government

The UK government’s borrowing increased in April, available for falling expectations, before reviewing the spending on Chancellor Rachel Reeves next month.

The figures published by the National Statistics Office showed on Thursday that the total public sector spending was more than 20.2 billion pounds more than its income for the first month of the new tax year, an increase of a shortage of 19.1 billion pounds in April 2024.

The economists of Reuters expected that government borrowing will decrease to 17.9 billion pounds last month.

The ONS said that ORS was headed by an increase in spending on public services and benefits in April. The jump was overwhelmed by an increase in receipts, which partly fell to the contribution of the supreme national insurance announced in the budget.

“The public figures in April showed that although the high national insurance contributions to employers (NICS) increased, the fiscal year has started a bad start,” said Ruth Gregory, an economist in economic consulting consulting consulting.

Gregory added that the unexpected increase in borrowing would pressure Reeves to raise taxes.

Reeves will put detailed expenses for individual government departments to review spending on June 11th by the Labor Party government since 2000.

It is under pressure to meet its financial rule to achieve a balance between daily spending with revenues by 2029-30 while improving public services and stimulating growth.

The slim chamber of the consultant is scheduled to be calculated, which was last calculated at a price of 9.9 billion pounds, under additional pressure through the economic impact of US President Donald Trump.

In a note sent to Reeves before the spring statement in late March, Prime Minister Angela Rainer urged the advisor to Make more tax increases Instead of cutting public spending

ONS data also showed on Thursday that government borrowing amounted to 148.3 billion pounds in the fiscal year 2024/25 – a review of the previous ONS estimate of 151.9 billion pounds, but there are still 11 billion pounds over the expectations of 137.3 billion pounds by the budget responsibility office, financial monitoring in the United Kingdom.