The UK budget deficit hit its highest February level since records began in 1993 due to measures taken to stimulate the economy through the third lockdown.
Public sector net borrowing, excluding public sector banks, increased by GBP 17.6 billion from the previous year to GBP 19.1 billion in February, data from the Office for National Statistics revealed on Friday. This was the highest February borrowing since monthly records began in 1993.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.