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May 25 2021, 08:20 IST/BST
This morning’s UK public finance data show that borrowing was still £32bn in April, or 1.5% of GDP in just one month. The figures should improve in the months ahead as the UK economy re-opens and the costs of incomes supports recede. Nonetheless, the Autumn Spending Review will be difficult as the Conservative government’s plans to squeeze spending in many departments are put under more scrutiny.
May 25 2021, 08:20 IST/BST